Reddit's latest earnings report reveals a solid rise in both daily and weekly active users, with a significant year-on-year revenue increase. The platform has reached 108 million daily active users, adding nearly 7 million since the last report, with remarkable growth in Brazil, showing an 80% year-over-year increase. Notably, Reddit's weekly active user base now exceeds 400 million, allowing it to stand out among social platforms. The success is partly due to enhanced machine translation tools that broaden international participation, with features now available in 13 languages.
Reddit reports a 31% year-over-year growth in weekly active users, reaching over 400 million, highlighting its unique user engagement strategy in the social media landscape.
The platform attributes its international growth to advancements in machine translation, supporting participation in 13 languages, up from eight, enhancing user interactions globally.
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