The Zhitong Finance App learned that on Friday, Reddit (RDDT.US) jumped low and the decline continued to expand. As of press release, the decline was nearly 22%. According to the news, Reddit recently released its financial report for the second quarter of 2026, achieving revenue of 805 million US dollars, an increase of 61% year on year; net profit to mother was 253 million US dollars, up 183% year on year, and the overall financial performance was impressive. However, CEO Steve Hoffman issued an early warning about current fluctuations in search traffic. He pointed out that the number of visits from search engines has fluctuated drastically recently, and the main reason is the accelerated application of artificial intelligence in the search field.

The Zhitong Finance App learned that on Friday, Reddit (RDDT.US) jumped low and the decline continued to expand. As of press release, the decline was nearly 22%. According to the news, Reddit recently released its financial report for the second quarter of 2026, achieving revenue of 805 million US dollars, an increase of 61% year on year; net profit to mother was 253 million US dollars, up 183% year on year, and the overall financial performance was impressive. However, CEO Steve Hoffman issued an early warning about current fluctuations in search traffic. He pointed out that the number of visits from search engines has fluctuated drastically recently, and the main reason is the accelerated application of artificial intelligence in the search field.