Reddit's third-quarter revenue soared 68% to $348.4 million from a year ago, comfortably beating analysts' expectations of $312.8 million, as daily unique visitors jumped 47%.
CEO Steve Huffman noted that machine translation increased users fourfold from last quarter and plans to expand this feature to over 30 countries through 2025.
The revamped Ask Me Anything (AMA) product has proven successful, leading to a fivefold increase in the number of AMAs created in the new format.
Reddit reported a profit of 16 cents per share for the third quarter, reversing a loss of 13 cents a year earlier, surprising analysts who expected losses.
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