Procedural Win for Reddit in AI Scraping DMCA Case as RDDT Drops on Earnings

A federal judge allowed Reddit’s DMCA anti-circumvention claims against Perplexity AI and SerpApi to proceed, signaling potential liability for bypassing safeguards to train AI and surface real-time results. Reddit also reported solid Q2 2026 results (revenue $805 million, EPS $1.25) and 130.3 million daily active users, but its stock (RDDT) fell about 22% after hours on traffic/referral concerns, while the company outlined API-licensing plans to monetize data and forecast Q3 revenue of $860–$870 million.