Hey everyone – Earlier today, Steve wrapped up his at the Goldman Sachs 2026 Communacopia + Technology Conference. If you couldn’t tune in, check out the and TL;DR below for some of the main points Steve touched on:
Building a daily destination. We’re focused on making Reddit a better daily destination and growing high-value app users by improving the user experience and expanding Reddit’s use cases. One way we’re doing this is by improving feeds. Feeds are the primary way users learn what Reddit has to offer, discover communities they may love, and experience content that exists nowhere else. With AI, we’re better at connecting users with the content and conversations most relevant to them. We’ve made solid progress, driving deeper engagement and helping grow our business.
Commercial business momentum. Reddit is the only company currently in the S&P 500 to grow revenue over 60% for the last eight consecutive quarters (and yes, we’ve had this one loaded for some time and have been waiting very patiently to share it). Jen deserves a ton of credit here – she built a full-funnel, global, ~$3B ads business from the ground up.
Content licensing partnerships. It’s clear that Internet consumers want Reddit content – Reddit has been a top-10 searched term in the U.S for several years. Search platforms and AI models need Reddit’s human content to deliver what people ultimately want. We believe people will continue to seek out Reddit content whether they start their search elsewhere or come to us directly. Our opportunity is to capture the value of our content in ways most accretive to Reddit, and we believe we have plenty of optionality. We know some of you want more specifics, and we intend to provide them when the timing is right. Across any outcome, we’re confident in our path forward and the continued growth of our core business.
Looking ahead. We still have work to do to make Reddit a daily habit, but it’s already one of the most visited sites in the U.S. and the world. Our advantages grow even stronger as real human conversations are becoming more valuable in the AI era. We believe Reddit’s total addressable market is everyone on the internet, and we’re well positioned to keep scaling the ads business, growing users, and monetizing better.
Thanks for tuning in and for continuing to follow our journey.