Reddit Is Profitable for the First Time in Nearly Two Decades

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 …

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Reddit Is Profitable For The First Time In Nearly Two Decades

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Reddit Is Turning A Profit For The First Time In Nearly 20 Years | AP …

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Oct 31, 2024 · NEW YORK (AP) — Reddit has turned a profit for the first time as a public company. The social platform claimed a profit of $29.9 million, or 16 cents per share, for the …

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

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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 …

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Reddit Is Finally A Profitable Company - Newser

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Oct 30, 2024 · See 1 more photo. 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, …

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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 ...

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

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Oct 30, 2024 · Reddit profitable for the first time, shares jump 25% after Q3 results, strong revenue forecast ... For the first time in its nearly 20-year history, Reddit has reported a profit. …

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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 …

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Reddit Is Profitable For The First Time Ever - Slashdot

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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 Stock Price Soars After Social Media Player Reports Profit ...

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Oct 30, 2024 · 02:25. Reddit's stock price is surging after the social media player posted a rare profit. Reddit on Tuesday reported net income of nearly $30 million for the third quarter, while …

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Reddit's Lost Money From The Start, Making A Profit Will Be Tricky ...

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Mar 26, 2024 · Reddit was founded nearly two decades ago, yet it's never turned a profit.The social-media giant's stock surged 48% on its trading debut last week and is now up more than …

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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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As Reddit Went Public, Redditors Gave It An Irreverent Welcome

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Mar 21, 2024 · Still, Reddit has a rocky road ahead. The company originally filed to go public in 2021, when it was valued at $10 billion. But the plan was iced after Huffman cited concerns for …

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FAQs about Reddit Is Profitable for the First Time in Nearly Two Decades Coupon?

Did Reddit make a profit?

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 same time last year. Analysts forecasted a loss of seven cents a share for the quarter. ...

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. ...

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 much is Reddit worth?

At Monday's closing price of almost $60 a share, the company is worth $9.5 billion — roughly 12 times its revenue of $804 million last year. For reference, that's about $2.3 billion more than The New York Times Company, which is very profitable indeed. Reddit also posted a net loss of $91 million 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 worth more than the New York Times?

Traders may be thinking twice about Reddit's aggressive valuation. At Monday's closing price of almost $60 a share, the company is worth $9.5 billion — roughly 12 times its revenue of $804 million last year. For reference, that's about $2.3 billion more than The New York Times Company, which is very profitable indeed. ...