Reddit is profitable for the first time ever, with nearly 100 million daily users
SMRTR summary
Reddit turned its first profit of $29.9 million in Q3, with revenue up 68% to $348.4 million, as daily users increased 47% to 97.2 million, boosted by AI translations and growth in advertising and data licensing.
SMRTR provides this summary for quick context. The original article belongs to The Verge.
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