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OpenAI expected to pay Reddit $70M for exclusive content licensing deal
Reddit's content licensing deals with Google and OpenAI contribute 10% to its revenue, according to COO Jen Wong. Advertising is still the main revenue source, with Q4 ad revenue growing 60% year-over-year. Total revenue for the year was $1.3 billion, up 62%, but the company reported a net loss of $484.3 million. Reddit is focusing on enhancing ad capabilities through machine learning and automation while maintaining user privacy in its licensing agreements.