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Reddit Is Finally Profitable from Michael Tsai RSS feed.
Reddit Is Finally Profitable
Emma Roth (Slashdot): 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.[…]Reddit’s advertising revenue grew to $315.1 million, while “other” revenue reached […]