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Reddit is profitable for the first time ever, with nearly 100 million daily users (www.theverge.com)

submitted 5 months ago by [email protected] to c/[email protected]

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cross-posted from: https://lemm.ee/post/46100822

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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