Reddit data licensing grows 24% to $43M in Q2, led by Google and OpenAI
Data licensing contributed $43 million in Q2 revenue, up 24% year over year within other revenue. Reddit cites Alphabet’s Google and OpenAI as its two biggest data-licensing customers, but frames the line as a small side note versus advertising. Reddit also reported ad revenue up 64% to $762 million and is pushing to convert weekly users into daily users to drive impressions and revenue per user.