In its third-quarter report, Reddit announced a profit of $29.9 million and revenues of $348.4 million, which represents a 68% increase compared to 2023. This was made possible by audience growth: the number of users increased by 47% and nearly reached 100 million.
After going public, Reddit recorded a loss of $575 million in the first quarter, but in the last quarter it managed to reduce this loss to $10 million and finally turned a profit.
Reddit’s advertising revenue was $315.1 million, while other revenues reached $33.2 million.