
Reddit has reported unprecedented growth and profitability in its third-quarter earnings, marking its first profit in 20 years as a public company. The platform's revenue has doubled, and active users surged by 70%. This growth is attributed to increased traffic from Google, which has significantly boosted Reddit's visibility and user engagement. The company's performance has led to a notable rise in its stock price, with shares reaching record highs. Analysts highlight that while partnerships with Google and OpenAI contributed to this success, they played a surprisingly minor role in Reddit's profitability. The strong performance comes as Reddit continues to expand its user base and solidify its position in the digital landscape.
One change by Google could impact the stock price in a big way... -> Why Reddit Is Blowing Up It’s great being Google’s favorite website — until it isn’t Great paragraph near the end. So true -> "Reddit’s new success is at Google’s mercy, in other words, a fact of which both… https://t.co/rjwdvflH3G
#IPO Leaders: Reddit Soars To Record Highs On This Big First https://t.co/FSAPHlJ4QU
After nearly two decades, Reddit is breaking out into the mainstream: https://t.co/VplIYEnYOl



