Reddit's Search Referral Worries Hint at Broader Industry Trends Reddit's second quarter earnings report beat top and bottom lines, yet investor concerns about the company's reliance on Google search referrals persisted.
Shares dropped 7% after hours, sparking fresh worries about the social news site's ability to monetize its vast user base.
The numbers themselves are impressive: 61% year over year revenue growth for an eighth consecutive quarter is a notable achievement.