For the first time in its nearly 20-year history, Reddit is turning a profit, claiming a profit of $29.9 million for the period ending in September.
Reddit grew its number of daily users to 97.2 million, a 47% increase from the same time last year, demonstrating significant growth.
CEO Steve Huffman highlighted that Reddit's new AI translation feature was a primary driver of user growth, particularly in international markets.
In 2024, Reddit was the sixth most Googled word in the U.S., indicating its role as a go-to platform for seeking answers and community.
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