Reddit Turns a Profit as User Gains Boost Revenue
1. Reddit reports 78% year-over-year revenue growth and strong EPS. 2. Ad revenue increased by 84%, exceeding analyst expectations. 3. Average daily active users grew by 21%, reaching 110.4 million. 4. CEO highlights international expansion and user engagement boosts. 5. Projected current-quarter revenue forecast ranges from $535M to $545M.