{"id":66077,"date":"2024-10-29T17:18:51","date_gmt":"2024-10-29T21:18:51","guid":{"rendered":"http:\/\/pappp.net\/?guid=4dcb0849370e04e9c626cacfb9e79b9a"},"modified":"2024-10-29T17:18:51","modified_gmt":"2024-10-29T21:18:51","slug":"reddit-is-profitable-for-the-first-time-ever-with-nearly-100-million-daily-users","status":"publish","type":"post","link":"https:\/\/pappp.net\/?p=66077","title":{"rendered":"Reddit is profitable for the first time ever, with nearly 100 million daily users"},"content":{"rendered":"<p class=\"syndicated-attribution\">Source: <a href=\"https:\/\/www.theverge.com\/2024\/10\/29\/24283056\/reddit-earnings-user-growth-revenue-up\">The Verge -  All Posts<\/a><\/p>\n<div style=\"background-color : #fff7d5;\n\t\t\tborder-width : 1px; padding : 5px; border-style : dashed; border-color : #e7d796;margin-bottom : 1em; color : #9a8c59;\">Article note: Aw crap, they succeeded in entering the \"value extraction\" phase.<\/div><figure>\n      <img alt=\"Pink text reading &ldquo;reddit&rdquo; with also pink portions of the Reddit alien&rsquo;s head occupying the bottom right and top left corners of the image, the top one upside down, all on a black background.\" src=\"https:\/\/cdn.vox-cdn.com\/thumbor\/o8r9XlzZJhjgY93-PXFVaKmMAoo=\/0x0:2040x1360\/1310x873\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/73687199\/STK115_Reddit_02.0.jpg\" referrerpolicy=\"no-referrer\" loading=\"lazy\"\/>\n        <figcaption>Image: The Verge<\/figcaption>\n    <\/figure>\n\n  <p>Reddit just turned a profit for the first time. As part of its third-quarter <a href=\"https:\/\/investor.redditinc.com\/news-events\/news-releases\/news-details\/2024\/Reddit-Announces-Third-Quarter-2024-Results\/\" rel=\"noopener noreferrer\">earnings results released on Tuesday<\/a>, the company reported a profit of $29.9 million, along with $348.4 million in revenue &mdash; a 68 percent increase year over year.<\/p>\n<p>The company <a href=\"https:\/\/www.cnn.com\/2024\/02\/23\/tech\/reddit-ipo-filing-business-plan\/index.html\" rel=\"noopener noreferrer\">hasn&rsquo;t been profitable<\/a> at any point in its nearly 20-year history. Since going public, Reddit lost $575 million during its first quarter on the market, but it decreased that loss to $10 million last quarter, and is now finally in the green.<\/p>\n<p>Reddit also grew to 97.2 million daily users over the past few months, marking a 47 percent increase from the same time last year. That number exceeded 100 million users on some days during the quarter, Reddit says.<\/p>\n<p>Reddit&rsquo;s advertising revenue grew to...<\/p>\n  <p>\n    <a href=\"https:\/\/www.theverge.com\/2024\/10\/29\/24283056\/reddit-earnings-user-growth-revenue-up\" rel=\"noopener noreferrer\">Continue reading&hellip;<\/a>\n  <\/p>","protected":false},"excerpt":{"rendered":"<p>Image: The Verge<\/p>\n<p>  Reddit just turned a profit for the first time. As &#8230;<\/p>\n<p> <a href=\"https:\/\/pappp.net\/?p=66077\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[226],"tags":[],"class_list":["post-66077","post","type-post","status-publish","format-standard","hentry","category-news-2"],"_links":{"self":[{"href":"https:\/\/pappp.net\/index.php?rest_route=\/wp\/v2\/posts\/66077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pappp.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pappp.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pappp.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pappp.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=66077"}],"version-history":[{"count":0,"href":"https:\/\/pappp.net\/index.php?rest_route=\/wp\/v2\/posts\/66077\/revisions"}],"wp:attachment":[{"href":"https:\/\/pappp.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pappp.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pappp.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}