4 Key Takeaways From Reddit’s First Earnings Call After Going Public [Video]

After Reddit (RDDT) reported record-high user traffic and rising revenue in its first quarterly earnings report since its initial public offering (IPO) in March, executives joined the social media company’s earnings call to discuss user traffic, the data licensing business, opportunities driven by artificial intelligence (AI), and international growth potential.

“More people are visiting Reddit than ever before,” Reddit CEO Steve Huffman said on the call, highlighting the social media platform’s record-high user traffic, with daily active unique users jumping 37% year-over-year to 82.7 million in the first quarter.

Huffman indicated a primary focus for Reddit this year will be to make Reddit “faster, easier to use, and safer,” adding that “speed equals retention” and “retention equals growth.”

The company said its investments in machine learning and AI will also help “improve relevance, engagement and moderation.”

Huffman noted that the data licensing business is “still early in its monetization journey,” after Reddit had indicated in …