Reddit is profitable for the first time ever, with nearly 100 million daily users

Reddit reports its first-ever profit, with nearly 100 million daily users and strong revenue growth.

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Reddit's daily active users grew 47% year-over-year, exceeding 100 million users on some days.

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Reddit's advertising revenue and data licensing deals contribute to its newfound profitability.

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Reddit plans to expand its AI-powered translation feature to over 30 countries by 2025.

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