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Reddit Swings to Profit on Higher Revenue, Growth in Daily Active Users
RDDTReddit(RDDT) WSJ·2025-05-01 21:10

Reddit said advertising revenue rose 61% to 358.6milliononhigherimpressionsandprices.Photo:dadoruvic/ReutersRedditloggedhigherrevenueandswungtoaprofitinthefirstquarterasadvertisingrevenueroseonhigherimpressionsandprices.ThesocialmediacompanyonThursdayswungtoaprofitof358.6 million on higher impressions and prices. Photo: dado ruvic/ReutersReddit logged higher revenue and swung to a profit in the first quarter as advertising revenue rose on higher impressions and prices.The social media company on Thursday swung to a profit of 26.2 million, or 13 cents a share, from a loss of 575.1million,or575.1 million, or 8.19 a share, a year earlier. ...