Top Posts
Three Charts to Watch for an “All Clear”...
Use This Multi-Timeframe MACD Signal for Precision Trades
The Unpredictable Stock Market: How to Make Sense...
Group Eleven Intersects 12.0m of 2.30% Cu and...
Los Andes Copper at 121 Mining Investment London
Bold Ventures to Present at Metals Investor Forum...
Judge allows lawsuit over Burger King’s Whopper ads...
AMD CEO calls China a ‘large opportunity’ and...
NBA star Russell Westbrook launches AI-enabled funeral planning...
Will Trump’s Foreign Film Tariffs Crush Streaming Stocks?...
  • Home
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Market Commandos
Editor's Pick

Reddit targets international users for ad growth, teases bolstered search feature

by admin November 28, 2024
November 28, 2024

Reddit is ramping up efforts to attract more users outside of the U.S., putting countries like India and Brazil in focus as it looks to unlock new advertising opportunities, a top company executive told CNBC.

In a wide-ranging interview, Jen Wong, chief operating officer of Reddit, said other platforms have 80% to 90% of users outside of the U.S. while about half of her company’s current users are based internationally.

“So that points to a lot of our future user growth opportunity definitely outside of the U.S. and local language,” Wong told CNBC. “The opportunity, the way I think about it, is every language is an opportunity for another Reddit.”

Reddit has historically been an English-language platform, but the company is looking to expand its international reach with the help of artificial intelligence translations. This year, Reddit launched a feature that automatically translates its site into different languages.

Wong said that around 20 to 30 languages could be available by the end of the year.

Among the company’s fastest-growing markets in terms of users is the U.K., the Philippines, India and Brazil.

“India’s growing really rapidly,” Wong said. “We see a big opportunity in India.”

The Reddit COO said that India has a large English-speaking internet population, and there are lots of engaged users around topics like cricket and the Bollywood movie industry.

Wong also said Reddit has been meeting with “mods” — or moderators, who oversee content on communities on the site.

Growth in markets like India can propel Reddit to boost ad revenue, its main source of income.

International markets account for just over 17% of Reddit’s revenue currently, according to the company’s third-quarter results, despite around 50% of its users being located outside the U.S.

Wong said that Reddit first attempts cross-border advertising for international markets, such as when a European brand is looking to advertise in the U.S. Then, when Reddit hits about 10% of a country’s internet population in a country, there is an opportunity to build teams focused on local advertising — like an Indian brand advertising to Indian users.

This has not yet happened in many markets, but Reddit is keeping an eye on many of its fastest growing countries, Wong said.

Reddit users will know that it’s not always the easiest site to find what you’re looking for — a drawback that the company is now looking to change with new search tools.

During Reddit’s third-quarter earnings call last month, CEO Steve Huffman called search on the platform a “focused investment” in 2025.

Wong expanded that the company is thinking of its search feature as a way of helping users to navigate around the site to find similar topics or posts that they may have otherwise missed.

“You land on a post and but it’s almost like a dead end. But there are a lot of posts, often like that post, or there are other posts like that post in other communities. And so giving you a total view of what that looks like is a really interesting opportunity,” Wong said.

“Guiding you through Reddit as you follow that line of thinking, is how we think of the opportunity.”

Wong declined to say more except, “We’re testing a lot of things.”

This post appeared first on NBC NEWS

previous post
OptionsPlay: Macro Market Outlook and Options Strategies
next post
SOURCE ROCK ROYALTIES ANNOUNCES Q3 2024 RESULTS INCLUDING ITS THIRD CONSECUTIVE QUARTER OF RECORD ROYALTY PRODUCTION

You may also like

AMD CEO calls China a ‘large opportunity’ and...

May 8, 2025

Judge allows lawsuit over Burger King’s Whopper ads...

May 8, 2025

NBA star Russell Westbrook launches AI-enabled funeral planning...

May 8, 2025

Amazon’s Zoox robotaxi unit issues software recall after...

May 7, 2025

Skechers to be acquired by 3G Capital in...

May 6, 2025

Rite Aid files for second bankruptcy in two...

May 6, 2025

Temu halts shipping direct from China as de...

May 5, 2025

Netflix stock is trading at all-time high levels...

May 3, 2025

Jeff Bezos discloses plan to sell up to...

May 3, 2025

Tesla denies report it’s looking to replace Elon...

May 3, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Three Charts to Watch for an “All Clear” Signal

      May 8, 2025
    • Use This Multi-Timeframe MACD Signal for Precision Trades

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • Group Eleven Intersects 12.0m of 2.30% Cu and 560 g/t Ag, Including 6.4m of 3.72% Cu and 838 g/t Ag, Demonstrating High-Grade Copper and Silver Potential at Ballywire

      May 8, 2025
    • Los Andes Copper at 121 Mining Investment London

      May 8, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 MarketCommandos.com All Rights Reserved.

    Market Commandos
    • Investing
    • Stock
    • Economy
    • Editor’s Pick