Reddit's explosive user growth and AI tools help it soar to its first-ever profit

World News News

Reddit's explosive user growth and AI tools help it soar to its first-ever profit
BusinessTechnology
  • 📰 wjxt4
  • ⏱ Reading Time:
  • 46 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 63%

For the first time in its nearly 20-year history, Reddit is turning a profit.

LIVE: Secretary of State Brad Raffensperger gives update on early voting after Georgians break 3 million mark

Read full article: LIVE: Secretary of State Brad Raffensperger gives update on early voting after Georgians break 3 million markKeep your drink cold longer with these tumblers. See more Insider Deals here.Looking to save on items for your home, road trip and wardrobe? We've got the latest Insider Deals to share!FILE - Reddit CEO Steve Huffman and company employees celebrate on the New York Stock Exchange trading floor, prior to his company's IPO, March. 21, 2024.

FILE - Reddit CEO Steve Huffman and company employees celebrate on the New York Stock Exchange trading floor, prior to his company's IPO, March. 21, 2024. The social platform claimed a profit of $29.9 million, or 16 cents per share, for the period ending in September, and reported sales of $348.4 million, an amount surpassing the $312.8 million analysts had projected. Reddit also grew its number of daily users to 97.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

wjxt4 /  🏆 246. in US

Business Technology

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reddit just achieved something for the first time in its 20-year historyReddit just achieved something for the first time in its 20-year historyReddit has turned a profit for the first time in its history, and its daily user base has grown to almost 100 million users.
Read more »

Reddit's explosive user growth and AI tools help it soar to its first-ever profitReddit's explosive user growth and AI tools help it soar to its first-ever profitFor the first time in its nearly 20-year history, Reddit is turning a profit.
Read more »

Reddit is profitable for the first time ever, with nearly 100 million daily usersReddit is profitable for the first time ever, with nearly 100 million daily usersReddit’s third-quarter earnings results revealed that the company became profitable for the first time, while daily active users went up 47 percent year over year.
Read more »

Here are Wednesday's biggest analyst calls: Apple, Alphabet, Reddit, Snap, Boeing, First Solar, Reddit, AMD & moreHere are Wednesday's biggest analyst calls: Apple, Alphabet, Reddit, Snap, Boeing, First Solar, Reddit, AMD & moreHere are Wednesday's biggest calls on Wall Street.
Read more »

The Breakup Reddit Can’t Stop Talking AboutThe Breakup Reddit Can’t Stop Talking AboutWhy the internet predicted and celebrated the messy breakup of country singer Zach Bryan and Barstool Sports personality Brianna “Chickenfry” LaPaglia.
Read more »

California registrar turns voter fraud case to DA after Reddit postCalifornia registrar turns voter fraud case to DA after Reddit postA Redding man is being accused of voter fraud because of a post that has been circulating online.
Read more »



Render Time: 2025-02-16 13:04:39