@[email protected] to

[email protected] • 25 days ago

Reddit is profitable for the first time ever, with nearly 100 million daily users

www.theverge.com

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Reddit is profitable for the first time ever, with nearly 100 million daily users

www.theverge.com

@[email protected] to

[email protected] • 25 days ago

Reddit is getting bigger.

Reddit says its daily users are up 47 percent year-over-year. Reddit just turned a profit for the first time. As part of its third-quarter earnings results released on Tuesday, the company reported a profit of $29.9 million, along with $348.4 million in revenue — a 68 percent increase year over year.

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Ignotum
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fedilink
22•25 days ago
Doesn’t matter to reddit as long as the advertisers still pay them though
- shastaxc
  link
  fedilink
  4•24 days ago
  It will matter to Reddit in rhe long run if advertisers notice they aren’t getting as many clicks on their ads from Reddit as their metrics say they should be getting and then pull their ads off the platform and/or sue Reddit for falsifying metrics.

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