By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Dubai News Club
  • Business
  • Finance
  • Lifestyle
  • Tech
  • Middle East
  • Press Releases
Reading: Reddit is profitable for the first time ever, with nearly 100 million daily users
Share
  • English
    • العربية (Arabic)
Submit News
Notification
Dubai News ClubDubai News Club
0
Font ResizerAa
  • Business
  • Finance
  • Lifestyle
  • Tech
  • Middle East
  • Africa
  • Press Release
Search
  • Home
  • Business
  • Finance
  • Tech
  • Lifestyle
  • Press Release
  • Africa
  • Middle East
  • English
    • العربية
  • Privacy Policy
  • Terms and Conditions
  • Contact
  • Submit Press Release
© 2022 دبي نيوز كلوب. جميع الحقوق محفوظة.
Dubai News Club > Tech > Reddit is profitable for the first time ever, with nearly 100 million daily users
Tech

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

Press Room
Last updated: 2024/10/29
Press Room
Published: October 29, 2024
Share
1 Min Read
SHARE

Reddit just turned a profit for the first time. As part of its third-quarter earnings results released on Tuesday, the company reported a profit of $29.9 million, along with $348.4 million in revenue — a 68 percent increase year over year.

The company hasn’t been profitable 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.

Source

Tech self-care for the new year: a guide
Polestar teases new details about its electric SUV ahead of October 12th launch
Garmin Forerunner 265S review: the Goldilocks of running watches
Apple Vision Pro review: magic, until it’s not
House GOP could try to hold Mark Zuckerberg in contempt of Congress

اشترك في النشرة اليومية

كن على إطلاع! احصل على آخر الأخبار العاجلة مباشرة إلى صندوق الوارد الخاص بك.

    من خلال الاشتراك ، فإنك توافق على شروط الاستخدام وتقر بممارسات البيانات الواردة في سياسة الخصوصية . يمكنك إلغاء الاشتراك في أي وقت.
    Share This Article
    Facebook Email Print
    What do you think?
    Love0
    Sad0
    Happy0
    Sleepy0
    Angry0
    Dead0
    Wink0
    Previous Article Google accused of violating labor law for asking workers to ‘refrain’ from talking about antitrust case
    Next Article The creators of “Neighbours of the Moon” perform at the “Dubai Youth Theater” on the 5th
    Ad imageAd image

    Latest News

    UAE and Oman strengthen cooperation and exchange of experiences in organizing competition
    Finance
    June 24, 2025
    “Dubai Customs” wins an international prize
    Finance
    June 24, 2025
    “Wilder Brex” launches its work in “Dubai World Financial”
    Finance
    June 24, 2025
    Hot or cold drinks … which is better in the summer?
    Lifestyle
    June 24, 2025
    Dubai News ClubDubai News Club
    Follow US
    © 2024 Dubai News Club. all rights are reserved
    • Privacy Policy
    • Terms and Conditions
    • Contact
    • Submit Press Release
    join us!
    Subscribe to our newsletter and never miss the latest news, podcasts, etc.

      Don't worry, we will not send you any spam, you can cancel at any time.
      Welcome Back!

      Sign in to your account

      Username or Email Address
      Password

      Lost your password?