- www.theverge.com Reddit is profitable for the first time ever, with nearly 100 million daily users
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.
- www.cnbc.com Reddit shares soar 22% on earnings beat and better-than-expected forecast
Reddit reported third-quarter results that exceeded analysts' estimates and gave a forecast for the current period that was well ahead of estimates.
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