Reddit CEO says AI Overviews still haven't found a "win-win"
Reddit CEO Steve Huffman told investors on the company’s Q2 earnings call that Google’s AI Overviews have “yet to make a similar level of positive impact” as traditional search links, per Ars Technica. Reddit shares fell roughly 11% afterward despite revenue beating estimates, as U.S. logged-out traffic softened alongside AI referral volatility; Reddit’s roughly $60 million-a-year data-licensing deal with Google is reported to be up for renewal amid the dispute.
Why it matters: A major AI-training data supplier publicly questioning whether its Google deal pays off is a signal other publishers weighing AI licensing terms will be watching closely.
The record: Google AI OverviewsGoogle
Posted to the wire August 1, 2026.