What You Need To Know Ahead of Reddit's Earnings Report

Reddit (RDDT) is group to study second-quarter net aft nan doorbell connected Aug. 6, pinch investors apt watching for personification engagement maturation and updates connected licensing agreements for artificial intelligence (AI) training.

The institution is projected to study gross of $253.8 million, according to expert estimates compiled by Visible Alpha, which would correspond astir 39% maturation from nan year-ago period's gross reported successful Securities and Exchange Commission (SEC) filings anterior to Reddit's March initial nationalist offering (IPO).

Reddit's nett nonaccomplishment for nan 2nd 4th ended June 30 is expected to travel successful astatine $52.82 million, aliases 32 cents per share, widening from a $41.1 cardinal nonaccomplishment reported successful pre-IPO filings for nan year-ago period.

Key Metrics: Average Daily User Count

Reddit is expected to supply its averages for regular unsocial personification counts for nan 2nd quarter, helping investors gauge personification engagement and traffic.

Analysts expect nan institution to study 85.5 cardinal regular unsocial users connected mean for nan quarter, which would correspond maturation from the erstwhile quarter.

Business Spotlight: Licensing Data for AI Training

Reddit has told investors that licensing its information for AI training represents an further gross root for nan company.

During nan 2nd quarter, Reddit announced a woody pinch OpenAI for nan ChatGPT shaper to entree Reddit's information successful speech for nan integration of immoderate OpenAI-powered features into nan platform. OpenAI was besides announced arsenic an advertizing partner. Reddit could supply updates astir nan statement pinch OpenAI and different opportunities related to AI-related licensing.

Reddit shares were down 3.5% successful caller trading Monday.