Reddit's explosive user growth and AI tools help it soar to its first-ever profit

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Reddit's explosive user growth and AI tools help it soar to its first-ever profit
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For the first time in its nearly 20-year history, Reddit is turning a profit.

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The key to all-in-one holiday shopping: this Costco Gold Star Membership that comes with a $40 Digital Costco Shop Card* FILE - Reddit CEO Steve Huffman is seen on the New York Stock Exchange trading floor, prior to his company's IPO, March. 21, 2024. “In 2024 so far, ‘Reddit’ was the sixth most Googled word in the U.S., underscoring that when people are looking for answers, advice, or community, they’re turning to Reddit,” Huffman wrote. “We saw this play out in real-time when the White House came to Reddit to share critical information during recent hurricanes, reaching people in the affected areas with timely updates.”are beginning to pay off financially.

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