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Reddit's bet on AI is starting to pay off
- Reddit's shares surged 25% after it reported a revenue beat and turned a profit for the first time.
- The company saw a 68% revenue increase and a 47% rise in daily active visitors in Q3.
- Reddit's AI-driven translation and revamped AMA product contributed to user growth.
- Reddit's advertising revenue growth underscores a 'nascent monetization opportunity.'
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