<ul><li>Social media site Reddit turned a profit for the quarter ended in September, the first in its nearly 20-year history, aided by artificial intelligence (AI) translation tools.</li><li>The firm reported a profit of $29.9 million on sales of $348.4 million, representing a 68 percent year-on-year revenue increase.</li><li>Daily users surged to 97.2 million, with a new AI translation feature being a major driver of user growth.</li><li>Advertising remains the company's biggest revenue source, but licensing agreements with Google and OpenAI are starting to pay off.</li></ul>

Reddit Shares Surge On First-Ever Profit

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