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Reddit Hits 1st Profit
Reddit’s explosive user growth and AI tools help it soar to its first profit as a public company
The social platform claimed a profit of $29.9 million for the period ending in September, and reported sales of $348.4 million, an amount surpassing the $312.8 million analysts had projected.
Reddit Hits First Profit as AI Drives Explosive Growth
The platform's AI translation feature enables posts to be converted between languages, including English, French and Spanish.
Reddit skyrockets 42% on strong earnings beat and AI-driven growth
Reddit's stock surged Wednesday after posting a solid earnings beat and reporting strong revenue from AI licensing deals with Alphabet and OpenAI.
Reddit's explosive user growth and AI tools help it soar to its first profit as a public company
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 period ending in September, and reported sales of $348.
Intelligencer on MSN
1d
Why Reddit Is Blowing Up
Reddit had no shortage of other good numbers to share. Ad revenue increased 56 percent year over year to $315 million, while ...
2d
on MSN
Reddit stock price soars after social media player reports profit milestone
Reddit
's stock price is surging after the social media player notched its first profit in the company's nearly 20-year ...
Mashable on MSN
21h
OpenAI's Sam Altman had an AMA on Reddit: 5 takeaways about ChatGPT and more
After launching ChatGPT Search, a new search engine feature that connects ChatGPT to real-time information, Altman and other ...
decrypt
2d
Reddit Dumped Most of Its Bitcoin Well Before 'Uptober' Pump
Social media giant Reddit once described digital assets as a new frontier—but now has put up a border around them for its ...
2d
Reddit stock soars, leads social media stocks higher after company posts first profit since IPO
Reddit stock soared more than 40% to a record high of $117 on Wednesday after the newly public social media company reaped ...
3d
on MSN
Reddit Soars More Than 40% to Record After Strong Forecast
Reddit Inc. shares surged more than 40% on Wednesday after the company’s results and forecast beat analysts’ expectations, ...
2d
on MSN
Reddit Stock Surges Nearly 40% Toward Best Day Ever After Revenue Beats Estimates
Reddit reported an increase in third-quarter revenue that exceeded analyst expectations, sending the social media company’s ...
1d
on MSN
Sam Altman said he 'sometimes' used ChatGPT to answer Reddit AMA questions
OpenAI's Sam Altman also said the company's much-anticipated GPT-5 model likely won't be coming this year, citing computing ...
3d
Reddit Stock Jumps 40% on Surprise Profit, Buoyant Outlook
Reddit shares are surging Wednesday after the social media firm posted its first quarterly profit as a public company with ...
23h
on MSN
'I'm Not Kidding, Reddit Was Amazing' — Jim Cramer Compares Reddit To Google, Saying Choosing Between Them Isn't Easy
Jim Cramer, the well-known stock market commentator, set social media buzzing this week after he tweeted about Reddit’s ...
3d
on MSN
Reddit's bet on AI is starting to pay off
Reddit's third-quarter revenue soared 68% to $348.4 million and it reported profit of 16 cents per share.
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