Reddit (RDDT) is down over 30% YTD on fears that AI and search engines will cut into their traffic, but their Q1 numbers look solid. - Daily active users hit 126.8m, up 17% year over year. - Revenue jumped 69% with a 30.8% net profit margin. - Q2 revenue guided at $720m, which is a 44% increase. - Weekly active users are up 23% to 493.1m. They are also bringing in high-margin recurring revenue by licensing user content to companies like OpenAI and Alphabet for AI training. With the user base growing this fast, it looks like the concerns about AI taking their search traffic might be overstated right now.