<ul><li>Reddit announced that its API would no longer be free, signaling the demise of most third-party Reddit apps.</li><li>Reddit reported a profit of $29.9 million in its fiscal Q4 2024, with revenue up 68% year over year.</li><li>Despite controversies, Reddit is expecting $385 to $400 million in revenue for fiscal Q4.</li><li>The Reddit app-ocalypse led to discontent among users and moderators, but Reddit's profitability continues to grow.</li></ul>

Amid controversial changes, Reddit is getting more popular—and profitable

Discover more