Reddit CEO Steve Huffman reported a 39% user growth in Q4, amounting to 101.7 million daily active users, yet this was below analysts' expectations. While the site generated $428 million in revenue—primarily from advertising—traffic fluctuations were noted after a Google algorithm change, which affected how logged-out users found Reddit. Huffman expressed confidence about ongoing growth despite this volatility, stressing that the changes did not negatively impact revenue. The logged-in user base saw significant growth, indicating stronger engagement from registered users.
"We feel very good about the pace that we're on from Q1. We see volatility from Google all the time, as does everybody."
"The algorithm change primarily impacted logged-out users - people browsing Reddit without an account."
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