Reddit Is Profitable For the First Time Ever - Slashdot

Oct 30, 2024  · The Verge reports: The company hasn't been profitable at any point in its nearly 20-year history. Since going public, Reddit lost $575 million during its first quarter on the …


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Reddit Is Profitable For The First Time Ever - Slashdot

1 week from now

Oct 30, 2024  · The Verge reports: The company hasn't been profitable at any point in its nearly 20-year history. Since going public, Reddit lost $575 million during its first quarter on the …

slashdot.org

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Reddit Is Profitable For The First Time Ever, With Nearly 100 Million ...

1 week from now

Oct 29, 2024  · 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 …

theverge.com

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Reddit Is Profitable For The First Time In Nearly Two Decades

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Oct 30, 2024  · Reddit reported a profit for the first time in its 19-year history, with a net income of $29.9 million, or 16 cents a share, for the quarter compared to a net loss of $7.4 million at the …

entrepreneur.com

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Reddit's Explosive User Growth And AI Tools Help It Soar To Its First ...

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Oct 30, 2024  · Before that, it booked profits in the first quarter of 2021 and fourth quarter of 2023. Since the initial public offering, the stock has tripled, surging 42% to close Wednesday at …

financialpost.com

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Reddit Profitable For First Time Ever - MSN

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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 ...

msn.com

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Reddit - Reddit Announces First Quarter 2024 Results

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May 7, 2024  · Record user traffic, Daily Active Uniques (“DAUq”) increased 37% to 82.7 million Revenue increased 48% to $243.0 million, nearly doubling growth rate from prior quarter Net …

redditinc.com

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Reddit Profitable For The First Time, Shares Jump 25% After

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Oct 30, 2024  · Reddit has also taken strategic steps to diversify its revenue streams since going public, including signing ad deals with professional sports leagues and revamping its popular …

firstpost.com

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Reddit Is Profitable For The First Time Ever - News.intellectia.ai

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Oct 30, 2024  · In Reddit's third-quarter earnings results, the company reported a profit of $29.9 million, with $348.4 million in revenue -- a 68% increase year over year. The Verge reports: …

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Reddit Is Finally A Profitable Company - Newser

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Oct 30, 2024  · Reddit has become profitable for the first time in its nearly 20 years. The company reported a net income of $29.9 million, equivalent to 16 cents per share, for the period ending …

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Tech Bytes: Reddit Is Profitable For The First Time Ever

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Oct 30, 2024  · From The Center. The online social media platform Reddit is profitable for the first time ever. With nearly 100 million daily users, up nearly 50% from last year, Reddit reported …

allsides.com

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Tech Bytes: Reddit Is Profitable For The First Time Ever

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Oct 30, 2024  · The online social media platform Reddit is profitable for the first time ever. With nearly 100 million daily users, up nearly 50% from last year, Reddit reported $30 million in …

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Reddit Prices IPO At $34 Per Share, The Top Of The Range

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Mar 21, 2024  · An anonymous reader writes: Reddit priced its stock on Wednesday at $34 a share, the top of the anticipated range, a signal that investors are excited about the company's …

slashdot.org

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SpaceX To Attempt Daring Orbital Refueling Test Of Starship

1 week from now

5 days ago  · Gizmodo reports: SpaceX is under a $53.2 million contract with NASA, signed in 2020, to use Starship tankers for in-orbit propellant transfer. During its third test flight, SpaceX …

slashdot.org

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'NASA's $100 Billion Moon Mission Is Going Nowhere' - Slashdot

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Oct 19, 2024  · Longtime Slashdot reader schwit1 shares an op-ed written by Michael R. Bloomberg, founder and majority owner of Bloomberg LP, the parent company of Bloomberg …

slashdot.org

FAQs about Reddit Is Profitable For the First Time Ever - Slashdot Coupon?

Did Reddit make a profit?

Previously, she was a writer and editor at MUO. 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. ...

Did Reddit make a profit in Q3?

Reddit reported its third-quarter earnings on Tuesday. The site showed a profit for the first time, surprising analysts, with a net income of $29.9 million. Reddit’s user base is also growing, up nearly 50% from the same quarter last year. ...

How much did Reddit lose in the first quarter?

Since going public, Reddit lost $575 million during its first quarter on the market, but it decreased that loss to $10 million last quarter and is now finally in the black. Reddit also grew to 97.2 million daily users over the past few months, marking a 47 percent increase from the same time last year. ...

Did Reddit go public?

After months of uncertainty, it looks like going public was a good thing for Reddit's bottom line, as the online forum just posted a profit for the first time in its 19-year history. ...

Is Reddit profitable for first time ever?

The post Reddit profitable for first time ever appeared first on Boing Boing. Reddit-among the last places online you can be reasonably confident contains the searchable writing of real humans unmediated by algorithms that hate you-is finally turning a profit. The income is driven by sharp growth, presuambly refugees from all the other places. ...

How did Reddit perform in the third quarter?

Ad revenue drove the bulk of the increase, contributing to $315.1 million of the overall total. The earnings also showed that Reddit's user base is growing, with 97.2 million people visiting the site daily in the third quarter, a record high and a nearly 50% increase from the same time last year. ...

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