Reddit, Inc.Reddit expands AI data licensing deals with Google and OpenAI, generating revenue.
Reddit has expanded its AI data licensing agreements with Google and OpenAI while also improving AI tools to detect and remove spam across its platform. The company's stock recently closed at $200.86, with a seven-day return of 15.18% and a ninety-day return of 42.31%, though the year-to-date return is down 16.96% and the one-year total shareholder return stands at 30.96%. A popular narrative suggests the stock is undervalued, implying a fair value of $309.77 based on user growth and monetization assumptions. However, Reddit trades at a price-to-earnings ratio of 54.7 times, compared with 30 times for peers and 14.9 times for the broader US Interactive Media and Services industry, signaling rich expectations.
Reddit, Inc.Reddit expands AI data licensing deals with Google and OpenAI, generating revenue.
Alphabet Inc Class CReddit expands AI data licensing with Google, providing Google with valuable training data.
Reddit expands AI data licensing with OpenAI, providing OpenAI with valuable training data.