The Red Padam revenues reported the second quarter earnings on Thursday, and it is clear that the company’s company expressed significantly.
A major area of investment increases its ad business, and supports the AI-power marketing equipment. The results revealed that the majority of Reddy’s income comes from $ 465 million advertisements.
The company introduced two new features for advertisers: offers the start of the rates and postpones in spot trends, which show common contributions about products or brands.
The company included its data licensing business and is associated with the IAI donors for its data. It increased by 24 per cent from $ 28.1 million to 32 per cent.
Reddit with key players, including Google and open, have already established content licensing contracts. Although these deals are still new, the results from the second quarter are a steady income stream with a significant risk of long distance distance.
Another important I-power feature is the Reditd answered in December. This device offers the answers on a conversational interface attracted 6 million weekly users, a significant rose 1 million Users in the previous quarter.
A Letter to ShareHoldersSteve Hafman said that “searching a central feature of reddit” is working to integrate the device more deepest. “
