I kept hearing about and through your reporting that like they didn't think the market was there for a chat. GPT like at all. So they integrated the tech industry.Now they've kind of changed tack a little bit. It's become very obvious that one of the biggest use cases for LGBT is search on my iPhone. For instance, I have one of the newer models of the action button on the side, and so whenever I need to search for something, I don't go to Safari and go to Google or the Google search app.I click my action bu ...

Core Insights - Reddit is integrating its search function with Reddit Answers to create a unified search experience, making the search box more prominent in the app [1] - The company has over 70 million weekly active users utilizing the search function and 6 million using Reddit Answers [1] - A recent survey indicated that 80% of users believe some questions can only be answered by humans rather than AI [2] User Demand and Engagement - There is a strong demand for Reddit as a source of information, being the most cited source for AI platforms like Google Overviews and Perplexity, and second for ChatGPT [3] - The percentage of Reddit cited on Perplexity is 46.7%, indicating a strong preference for community-generated content [3] Financial Performance - In Q2 2025, Reddit reported a 78% increase in revenue year-over-year, reaching $500 million [5] - Daily active users have grown to 110 million, marking a 21% increase from the previous year [5] Industry Trends - The shift towards search is seen as a strategic move, as users often add "Reddit" to their Google searches, indicating existing demand [4][5] - The rise of alternative search experiences, such as TikTok, reflects changing user behavior in seeking specific content [5] Challenges - Reddit may face challenges with increased AI-generated spam as it enhances its search capabilities [6][7] - The platform will need to combat the influx of AI content that could undermine the quality of community-generated responses [7]

"Reddit is one of the few platforms positioned to become a true search destination. We offer something special: a breadth of conversations and knowledge you can't find anywhere else," Reddit said in its Q2 report on Thursday. "Every week, hundreds of millions of people come to Reddit looking for advice, and we're turning more of that intent into active users of Reddit's native search." Reddit said its core search product has 70 million weekly users, while Reddit Answers — its AI-powered search tool — has re ...

Financial Data and Key Metrics Changes - Revenue grew 78% year over year to $500 million, marking the fastest quarterly growth rate since 2022 [7][28] - Daily active users increased to 110 million, up 21% year over year, with growth in both the U.S. and international markets [7] - Adjusted EBITDA reached $167 million, with a margin of 33%, up over 1,900 basis points year over year [28][29] - GAAP net income was $89 million, translating to $0.48 per basic share [40] Business Line Data and Key Metrics Changes - Advertising revenue grew 84% year over year to $465 million, driven by broad-based strength across the business [20][31] - Other revenue, including data licensing, reached $35 million, growing 24% year over year [31] - Average revenue per user (ARPU) increased 47% year over year to $4.53 [31] Market Data and Key Metrics Changes - Revenue in the U.S. grew significantly, with international markets also showing strong performance, particularly in Europe [31] - The total active advertiser count expanded by over 50% year over year [20] Company Strategy and Development Direction - The company is focusing on improving the core product, enhancing search capabilities, and expanding internationally [12][15] - Strategic investments are being made in sales, marketing, and machine learning to drive user engagement and revenue growth [34][38] - The company is deprioritizing some initiatives, such as the user economy, to concentrate resources on areas that will drive immediate results [13][45] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the unique role Reddit plays in human conversation and its potential for growth [8][10] - The company sees a significant opportunity in becoming a trusted source of information in an increasingly automated world [10][12] - For Q3 2025, the company estimates revenue in the range of $535 million to $545 million, representing 54% to 56% year-over-year growth [41] Other Important Information - The company is investing in machine translation to unlock Reddit for millions of users across various regions [16] - The launch of new products like Dynamic Product Ads and Reddit Insights is expected to enhance advertiser performance and user engagement [22][24] Q&A Session Summary Question: What is one memorable discussion you had at the Cannes Lions Festival? - Management highlighted a discussion where an advertiser realized a new customer segment and expressed excitement about the quality of the team [43] Question: What projects are being prioritized over the user economy? - The focus is on improving user engagement through core app improvements and diversifying traffic sources [45] Question: How are U.S. user trends evolving? - There was a slower start in April, but traction improved throughout Q2, with higher daily active users reported in July [53][54] Question: What innovations are expected in the advertising business? - Exciting developments include Dynamic Product Ads and automation features that enhance advertiser onboarding and performance [56][57] Question: How is the search experience evolving with Reddit Answers? - The company is unifying the search experience to integrate Reddit Answers, making it more accessible for users [63] Question: How have advertiser relationships evolved? - The company has created a global accounts team to better service larger clients and is seeing increased demand for integrated advertising solutions [66] Question: What are the key learnings from marketing efforts? - There is a need to build awareness and consideration, especially outside the U.S., and to create a unique search experience on Reddit [75][78]

Core Problem & Solution - The presentation introduces Exa, a search engine designed for AI, addressing the limitations of traditional search engines built for human users [5][23] - Exa aims to provide an API that delivers any information from the web, catering to the specific needs of AI systems [22][41] - Exa uses transformer-based embeddings to represent documents, capturing meaning and context beyond keywords [11][12] AI vs Human Search - Traditional search engines are optimized for humans who use simple queries and want a few relevant links, while AIs require complex queries, vast amounts of knowledge, and precise, controllable information [23][24] - AI agents need search engines that can handle multi-paragraph queries, search with extensive context, and provide comprehensive knowledge [31][32][33] - Exa offers features like adjustable result numbers (10, 100, 1000), date ranges, and domain-specific searches, giving AI systems full control [44] Market Positioning & Technology - Exa launched in November 2022 and gained traction for its ability to handle complex queries that traditional search engines struggle with [15] - The company recognized the need for AI-driven search after the emergence of ChatGPT, realizing that LLMs need external knowledge sources [17][18] - Exa combines neural and keyword search methods to provide comprehensive results, allowing agents to use different search types based on the query [47][48] Future Development - Exa is developing a "research endpoint" that uses multiple searches and LLM calls to generate detailed reports and structured outputs [51] - The company envisions a future where AI agents have full access to the world's information through a versatile search API [48] - Exa aims to handle a wider range of queries, including semantic and complex ones, turning the web into a controllable database for AI systems [38][39][40]

ChatGPT Is Becoming My Default Search Engine https://t.co/RZxGvvUZbR ...

General Observation - When facing uncertainty and seeking guidance, Google can provide step-by-step instructions [1]