Reddit has a platter of monetization opportunities, analyst says

Reddit (RDDT) posted its first quarter results since its IPO, revealing a 39% surge year-over-year in advertising revenue. In addition, Reddit's second quarter revenue guidance surpassed analysts' estimates, signaling continued momentum for the company.
Bernstein Internet Equity Research Analyst Mark Shmulik joins The Morning Brief to discuss his wait-and-see approach to Reddit's value going forward.
Shmulik elaborates on Reddit's deals to license its data for generative AI platforms: "The biggest deal is obviously the Google (GOOG, GOOGL) one to kind of ingest that real human kind of data into some of those generative AI, the Gemini results, and I think we'll see if Google sees real value in it, that it helps kind of create more authenticity in the responses, not who can kind of scam the algorithm the best or flood the algorithm the best to kind of deliver whatever results they want we'll see if the others kind of come on board."
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