Reddit Q3 revenue grows 53%, surpassing $3 billion in trailing 12-month revenue
RDDT Reddit Inc
$105.66 +7.08%
View chart & analysis → - 1Reddit recorded a 53% revenue growth rate in the third quarter.
- 2Reddit's revenue for the past 12 months exceeded $3 billion.
- 3Reddit management reported plans to transition the platform primarily toward a logged-in user experience.
So what's the key point?
Reddit's third-quarter revenue grew by 53%, and the money earned over one year surpassed $3 billion. Management plans to change the service to a format where users primarily use the platform while logged in.
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.