Reported 27 days ago
Reddit has reported a profit of $29.9 million for the first time since going public, bolstered by impressive user growth and new AI features. The platform saw a 47% increase in daily users, reaching 97.2 million, thanks in part to its AI translation tool, which allows users to read posts in multiple languages. CEO Steve Huffman noted the significance of Reddit as a go-to source for information and community, especially highlighted during recent hurricane events.
Source: YAHOO