Huffman said demand for Reddit had not changed, but Google was sending fewer users. Reddit shares fell more than 25 percent despite strong earnings.

Reddit is testing login walls outside the U.S. to limit scraping and reduce reliance on the open web. It remains uncertain whether the company will make further data-licensing deals.

Why it matters

Google’s AI search features may affect the reach of publishers and businesses that rely on search referrals. The traffic figure is based on Reddit’s account.

GUIDES

Something to try

As a hypothetical exercise, review your site’s traffic sources and consider which channels could offset a decline in Google referrals.