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Reddit Celebrates Its First Profitable Quarter Amid User Growth and Strategic Innovations

  • Reddit has reported a quarterly profit of $29.9 million and revenue of $348.4 million, marking a 68% increase.
  • Daily active users on Reddit increased by 47%, reaching 97.2 million in Q3.
  • The introduction of an AI-driven translation feature and localization efforts contributed to user growth.
  • Reddit's stock has tripled in value since going public, reflecting confidence in the company's evolving strategy.

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