https://www.siliconvalley.com/2024/10/30/reddits-growth-first-profit/

NEW YORK (AP) — For the first time in its nearly 20-year history, Reddit is turning a profit.

The San Francisco-based social platform claimed a profit of $29.9 million, or 16 cents per share, for the period ending in September, and reported sales of $348.4 million, an amount surpassing the $312.8 million analysts had projected. Reddit also grew its number of daily users to 97.2 million, a 47% increase from the same time last year, according to a company statement.