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As search traffic dries up, Reddit says it will shift to a primarily logged-in experience

TechnologyInternationalTechCrunch40 s readAI summary
Image: TechCrunch

Reddit announced on its third-quarter earnings call that it will move to a primarily "logged-in experience," aimed at protecting its data from AI scraping and securing licensing deals with model providers. The company reported 130.3 million global daily active users, flat quarter-over-quarter, and a decline in U.S. daily users from 53.2 million to 50.7 million. Revenue rose 53% year-over-year to $895 million and net income climbed 74% to $283 million.

In 40 seconds

  • Reddit will move to a primarily logged-in experience to protect its data from AI scraping and support licensing deals.
  • Global daily active users were 130.3 million in Q3, flat quarter-over-quarter; U.S. daily users fell from 53.2 million to 50.7 million.
  • Search traffic referrals dropped by more than 1 million per week on average in October, and the company warned daily active users could decline by a low-double-digit percentage next quarter.
Read the full story at TechCrunch

IASummary generated by artificial intelligence from a story by TechCrunch. It may contain errors: the original source prevails.

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