SMRTR AIMay 5, 2026cnbc.com

Reddit's CEO calls his company 'the fuel' for artificial intelligence

SMRTR summary

Reddit is emerging as a quiet winner of the AI boom, with CEO Steve Huffman calling his platform "the fuel" for AI systems hungry for real human knowledge. Reddit posted $663 million in revenue, 69% growth, and $311 million in free cash flow — all while spending just $1 million on capital expenditures.

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