Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Michelle Obama facing backlash over claim about women’s...
Hamas agrees to release 10 more hostages
ROBERT MAGINNIS: 9 signs Beijing’s Taiwan invasion may...
Iran condemns Austria over report on advanced nuclear...
Israel hostage deal in doubt as Hamas adds...
White House urges Iran to accept nuclear deal...
Trump warns Rand Paul he’s playing into ‘hands...
Senate Republicans eye changes to Trump’s megabill after...
Trump shares post saying Biden was executed, replaced...
House Dems’ campaign chair says her party’s ‘on...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Business

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

by admin 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

previous post
Tom Cotton slams ‘partisans and obstructionists’ in DOD reportedly plotting to block Trump plans
next post
Drone company’s stock soars after appointing Donald Trump Jr. to advisory board

You may also like

Apple announces iPhone event for Sept. 9

August 27, 2024

Fox streaming service to be called Fox One,...

May 13, 2025

Microsoft to roll out new autonomous AI agents...

October 22, 2024

Reddit co-founder Alexis Ohanian takes minority stake in...

May 16, 2025

Trump clears Nippon merger with U.S. Steel

May 24, 2025

Levi Strauss to sell Dockers to brand management...

May 21, 2025

Apple boosts U.S. investment plans with $500 billion...

February 25, 2025

Grocery stores are rationing eggs as supply falls...

February 15, 2025

How the New York Mets can justify paying...

December 11, 2024

Extreme heat makes flying harder. Airlines and airports...

July 30, 2024

Recent Posts

  • Michelle Obama facing backlash over claim about women’s reproductive health
  • Hamas agrees to release 10 more hostages
  • ROBERT MAGINNIS: 9 signs Beijing’s Taiwan invasion may be imminent
  • Iran condemns Austria over report on advanced nuclear weapons program
  • Israel hostage deal in doubt as Hamas adds demands, US envoy calls terms ‘unacceptable’

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


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

    Categories

    • Business (752)
    • Investing (2,219)
    • Politics (2,748)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.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 Sightful Invest. All Rights Reserved.