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Reddit announced its first-quarter 2024 earnings, showing strong revenue growth driven by advertising. The company reported a net loss but improved its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Reddit’s user base continued to expand, and it highlighted progress in its data licensing deals as a future growth catalyst.

Getty Images (GETY) shares fell over 6% after announcing a multi-year licensing agreement with AI search engine Perplexity AI. Perplexity will integrate Getty’s images into search results with attribution, enhancing result quality and user trust. Getty’s VP Nick Unsworth touted the partnership’s benefits for AI platforms. While the deal monetizes Getty’s content and gives Perplexity a vast image library, the market reacted negatively, possibly due to a lack of disclosed financial details, demonstrating investor uncertainty about the agreement’s long-term financial impact.