Reddit is ramping up efforts to attract more users outside of the U.S., putting countries like India and Brazil in focus as it looks to unlock new advertising opportunities, a top company executive told CNBC.
In a wide-ranging interview, Jen Wong, chief operating officer of Reddit, said other platforms have 80% to 90% of users outside of the U.S. while about half of her companyâ€
“So that points to a lot of our future user growth opportunity definitely outside of the U.S. and local language,� Wong told CNBC. “The opportunity, the way I think about it, is every language is an opportunity for another Reddit.�
Reddit has historically been an English-language platform, but the company is looking to expand its international reach with the help of artificial intelligence translations. This year, Reddit launched a feature that automatically translates its site into different languages.
Wong said that around 20 to 30 languages could be available by the end of the year.
Among the companyâ€
“Indiaâ€
The Reddit COO said that India has a large English-speaking internet population, and there are lots of engaged users around topics like cricket and the Bollywood movie industry.
Wong also said Reddit has been meeting with “mods� — or moderators, who oversee content on communities on the site.
Growth in markets like India can propel Reddit to boost ad revenue, its main source of income.
International markets account for just over 17% of Redditâ€
Wong said that Reddit first attempts cross-border advertising for international markets, such as when a European brand is looking to advertise in the U.S. Then, when Reddit hits about 10% of a countryâ€
This has not yet happened in many markets, but Reddit is keeping an eye on many of its fastest growing countries, Wong said.
Reddit users will know that itâ€
During Redditâ€
Wong expanded that the company is thinking of its search feature as a way of helping users to navigate around the site to find similar topics or posts that they may have otherwise missed.
“You land on a post and but itâ€
“Guiding you through Reddit as you follow that line of thinking, is how we think of the opportunity.�
Wong declined to say more except, “Weâ€