Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Business

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

by November 28, 2024
November 28, 2024
Reddit targets international users for ad growth, teases bolstered search feature

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
0
FacebookTwitterGoogle +Pinterest
previous post
Missing hiker found after surviving more than a month in Canada’s snowy wilderness
next post
Trump Cabinet nominees, appointees targeted with ‘violent, unAmerican threats’

You may also like

JPMorgan creates new role overseeing junior bankers as...

September 19, 2024

Chinese tea chain Chagee files for U.S. initial...

March 27, 2025

Meta announces end of its DEI programs. Read...

January 11, 2025

PepsiCo buys prebiotic soda brand Poppi for nearly...

March 17, 2025

Fox reveals plans to launch subscription streaming service...

February 5, 2025

‘Wicked’ tallies $19M in previews, as ‘Gladiator II’...

November 24, 2024

Nvidia CEO says he was wrong about timeline...

March 21, 2025

Ford joins list of companies walking back DEI...

August 29, 2024

Frontier Airlines proposes merging with fellow budget carrier...

January 30, 2025

Microsoft to roll out new autonomous AI agents...

October 22, 2024

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


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



    Latest

    • Colorado terror attack adds to alarming rise in US domestic terrorism

      June 2, 2025
    • Ukraine’s wily drone strikes expose Russia’s vulnerability and could shift war’s narrative

      June 2, 2025
    • Maxine Waters campaign to pay $68K for violating campaign finance laws

      June 2, 2025
    • Fetterman, McCormick react to ‘astonishing’ Boulder attack on pro-Israel group: ‘Rank antisemitism’

      June 2, 2025
    • As Musk exits DOGE, a look back at previous efforts to cut waste, fraud and abuse – and how they fared

      June 2, 2025
    • ‘Red tape’: Trump admin unleashes DOGE-aligned process to fire federal workers for misconduct

      June 2, 2025

    Categories

    • Business (649)
    • Investing (661)
    • Politics (4,306)
    • World News (2,909)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 WhaleLargeCapital.com | All Rights Reserved