Earnings

Blueprint-style chart showing Reddit's Q1 2026 earnings split: $625M ad revenue and $39M data licensing line with Google and OpenAI logos pulling threads from a Reddit corpus.

Reddit's $39M Licensing Quarter Made the AI Citation Play Look Smaller

Reddit reported Q1 2026 earnings on April 30: ad revenue hit $625 million, up 74% year over year, plus $39 million in "other revenue" that's mostly data licensing to Google and OpenAI. Weekly search use grew 30% to about 80 million people. The number marketers missed:

Google's Search Ads Grew 19% While AI Overviews Cut Publisher Clicks 58%

Alphabet posted $109.9 billion in Q1 2026 with Google Search up 19% to $60.4 billion and total ad revenue up 15.5% to $77.25 billion. AI Overviews now reach 2 billion monthly users and, per Google, monetize at the same rate as traditional results. US publisher traffic