Reddit: Reddit at BofA Tech Conference

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Reddit: Reddit at BofA Tech Conference

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Reddit

Reddit at BofA Tech Conference

Maintain Rating: NEUTRAL | PO: 190.00 USD | Price: 173.45 USD

Upbeat tone on monetization levers and AI positioning 08 June 2026

We hosted Reddit’s CEO, Steve Huffman, for a fireside chat at our Annual Tech Conf. Equity

While there were no 2Q outlook updates, the company noted buying back ~1mn shares

Justin Post

QTD. We think management’s messaging was upbeat, highlighting opportunities to Research Analyst

improve DAU growth and drive monetization, while Reddit indicated the company is not BofAS +1 415 676 3547

seeing signs of Middle East related macro weakness. Takeaways include: justin.post@bofa.com

ML-enabled personalization key to strengthen engagement NitinResearchBansal,AnalystCFA

Mr. Huffman highlighted foundational improvements to the product teams (adding ML BofAS+1 415 676 3551

experts), and opportunities to use machine learning (ML) capabilities to improve nbansal7@bofa.com

frequency of usage within the platform’s large user base. With improved onboarding, the

near-term roadmap is centered on ML driven personalization to enhance feed relevance

and overall product experience. Management believes these initiatives will systematically Stock Data

enhance content discovery and relevance and can drive improvements in engagement.

Price 173.45 USD

Strong position for AI with unique user platform Price Objective 190.00 USD

While not commenting specifically on potential AI deal renewals with Google or OpenAI, Date Established 1-May-2026

Reddit highlighted that its continuously updated corpus of human-generated Investment Opinion C-2-9

conversations remains a key input for training LLMs and informing AI-generated 52-Week Range 110.85 USD - 282.95 USD

answers.