<p>Reddit 向投资者发出了另一个强有力的信号，表明其广告业务仍可能保持真正的增长势头，公司预计第二季度收入将在 7.15 亿至 7.25 亿美元之间，高于华尔街平均预期的 7.14 亿美元。这一指引是在第一季度销售额增长 69% 至 6.63 亿美元之后发布的，超出了 6.093 亿美元的平均预期，并将 Reddit 超过 60% 收入增长的记录延续至连续七个季度。尽管该股今年迄今已下跌 36%，但在纽约收盘价为 147.23 美元后，股价在盘后交易中上涨了约 7%。</p>
<p>核心投资故事仍然是 Reddit 努力将其庞大的讨论论坛网络转变为一个更大且更具多样化的广告平台。自两年前上市以来，Reddit 一直专注于扩大用户基础和发展驱动其大部分收入的广告业务。根据公司文件，Reddit 仍然在很大程度上依赖于一小部分广告客户，超过 20% 的 2025 年收入来自其 10 大广告客户。但首席运营官 Jen Wong 表示，Reddit 继续在各个行业和地区增加广告客户，而国际销售在第一季度增长了 76%。每日独立访客同比增长 17%，达到 1.268 亿，符合华尔街的预期。</p>
<p>投资者下一个问题是 Reddit 能从人工智能热潮中提取多少收益，超越其广告增长。Reddit 已与 OpenAI 和 Alphabet 的 Google 达成了价值数亿美元的数据许可协议，使人工智能公司能够访问互联网最大的人类讨论库之一。彭博社在九月份报道，Reddit 探索了与 Google 的潜在新交易，Wong 表示，公司正在与 Google 和 OpenAI 就与当前许可协议相关的下一步进行积极讨论，但拒绝提供更多细节。对于投资者来说，这使得 Reddit 在当前拥有一个快速增长的广告业务，并且可能在未来拥有一个人工智能数据机会，如果对培训和许可内容的需求持续增长，这个机会可能变得更加重要。</p>

RDDT

2 倍做多 RDDT ETF - GraniteShares

2 倍做多谷歌 ETF - Direxion

GOOW

<p>Reddit 预计第二季度收入在 7.15 亿到 7.25 亿美元之间，超过华尔街对 7.14 亿美元的预期。第一季度销售额增长了 69%，达到 6.63 亿美元，标志着连续七个季度超过 60% 的增长。尽管今年股价下跌了 36%，但在盘后交易中，股价上涨了 7%。该公司正在扩展其广告平台，并与 OpenAI 和 Google 达成了数据许可协议，为在人工智能数据机会中的潜在增长做好了准备</p>

<p>Reddit  delivered another strong signal to investors that its advertising business could still be carrying real momentum, with the company projecting second-quarter revenue of $715 million to $725 million, ahead of Wall Street's average estimate of $714 million. The guidance came after first-quarter sales rose 69% to $663 million, beating the $609.3 million average estimate and extending Reddit's run of more than 60% revenue growth to seven consecutive quarters. Shares climbed about 7% in extended trading after closing at $147.23 in New York, although the stock is still down 36% so far this year.</p>
<div class="lb-trans"><p>Reddit 向投资者发出了另一个强有力的信号，表明其广告业务仍可能保持真正的增长势头，公司预计第二季度收入将在 7.15 亿至 7.25 亿美元之间，高于华尔街平均预期的 7.14 亿美元。这一指引是在第一季度销售额增长 69% 至 6.63 亿美元之后发布的，超出了 6.093 亿美元的平均预期，并将 Reddit 超过 60% 收入增长的记录延续至连续七个季度。尽管该股今年迄今已下跌 36%，但在纽约收盘价为 147.23 美元后，股价在盘后交易中上涨了约 7%。</p>
</div><p>The core investment story remains Reddit's push to turn its massive network of discussion forums into a larger and more diversified advertising platform. Since listing on the stock exchange two years ago, Reddit has focused on growing its user base and expanding the advertising business that drives most of its revenue. The company is still meaningfully exposed to a concentrated group of advertisers, with more than 20% of its 2025 revenue coming from its 10 largest advertisers, according to a corporate filing. But Chief Operating Officer Jen Wong said Reddit continues to add advertisers across every vertical and geography, while international sales increased 76% in the first quarter. Daily unique visitors rose 17% year-over-year to 126.8 million, matching Wall Street expectations.</p>
<div class="lb-trans"><p>核心投资故事仍然是 Reddit 努力将其庞大的讨论论坛网络转变为一个更大且更具多样化的广告平台。自两年前上市以来，Reddit 一直专注于扩大用户基础和发展驱动其大部分收入的广告业务。根据公司文件，Reddit 仍然在很大程度上依赖于一小部分广告客户，超过 20% 的 2025 年收入来自其 10 大广告客户。但首席运营官 Jen Wong 表示，Reddit 继续在各个行业和地区增加广告客户，而国际销售在第一季度增长了 76%。每日独立访客同比增长 17%，达到 1.268 亿，符合华尔街的预期。</p>
</div><p>The next question for investors is how much Reddit can possibly extract from the artificial intelligence boom beyond its advertising growth. Reddit has already reached data licensing agreements with OpenAI and Alphabet's Google  worth hundreds of millions of dollars, giving AI companies access to one of the internet's largest libraries of human discussion. Bloomberg reported in September that Reddit had explored a potential new deal with Google, and Wong said the company is active in terms of discussion with Google and OpenAI about next steps tied to current licensing agreements, while declining to offer more detail. For investors, that leaves Reddit with a fast-growing ad business in the present and a possible AI data opportunity that could become more important if demand for training and licensing content continues to build.</p>
<div class="lb-trans"><p>投资者下一个问题是 Reddit 能从人工智能热潮中提取多少收益，超越其广告增长。Reddit 已与 OpenAI 和 Alphabet 的 Google 达成了价值数亿美元的数据许可协议，使人工智能公司能够访问互联网最大的人类讨论库之一。彭博社在九月份报道，Reddit 探索了与 Google 的潜在新交易，Wong 表示，公司正在与 Google 和 OpenAI 就与当前许可协议相关的下一步进行积极讨论，但拒绝提供更多细节。对于投资者来说，这使得 Reddit 在当前拥有一个快速增长的广告业务，并且可能在未来拥有一个人工智能数据机会，如果对培训和许可内容的需求持续增长，这个机会可能变得更加重要。</p>
</div>

Reddit Projects Up To $725 Million In Revenue As Growth Streak Continues

GuruFocus

Reddit

Roundhill GOOGL WeeklyPay ETF

OpenAI

谷歌-A

谷歌-C

随着增长势头的持续，Reddit 预计收入将达到 7.25 亿美元