Reddit reported Q3 revenue of $895M, beating the $878.4M estimate, while daily active users fell to 130.3M versus the expected 133.4M. The company will begin testing mandatory login for most users in select non-U.S. markets in Q4. Advertising revenue rose 54% to $847M.
Key points
Revenue: $895M (Est. $878.4M), +53% YoY
Daily active users Q3: 130.3M (Est. 133.4M), +12% YoY
Advertising revenue grew 54% to $847M
Login requirement tests start in Q4 in select markets outside the U.S.
Sources
OMEGA odds 50/50 for GM eyes-off highway autonomy on Cadillac Escalade IQ by end 2028
OMEGA puts the odds at 50/50 that GM launches eyes-off highway autonomy on the Cadillac Escalade IQ by the end of 2028. Buyers already have options from Tesla and others.
Key points
Odds: 50/50 for GM eyes-off highway autonomy on Cadillac Escalade IQ by end-2028.
Market: Tesla and other manufacturers already offer alternatives.
Sources
Rivian expands joint venture with VW to include AI assistant
Rivian expands its $5.8 billion joint venture with Volkswagen Group to license AI voice assistant technology. No licensing fees or payment terms were disclosed, and the assistant may first appear in VW’s ID EVERY1 hatchback.
Key points
Licensing elements of Rivian’s AI voice assistant to Volkswagen Group.
No licensing fees, payment terms, or vehicle models disclosed.