When the Reddit CEO says it, that’s when you know it’s bad 👀 H/t @VorticonCmdr https://t.co/z77BoJpgWR
AI Weekly's analysis
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- Reddit posted Q2 2026 revenue of $804.9 million, up 61% year over year, with adjusted EBITDA more than doubling to $343 million.
- Despite the beat, shares fell sharply after CEO Steve Huffman described Google search referrals as 'choppy' later in the quarter.
- Huffman said '10 blue links' drove tremendous value and AI Overviews has 'yet to make a similar level of positive impact' for Reddit.
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