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Reddit's explosive user growth and AI tools help it soar to its first profit as a public company

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Reddit has turned a profit for the first time as a public company. The social platform claimed a profit of $29.9 million for the period ending in September and reported sales of $348.4 million, an amount surpassing the $312.8 million analysts had projected.

<p>NEW YORK — Reddit has turned a profit for the first time as a public company.</p><p>The social platform claimed a profit of $29.

</p><p>In a letter to shareholders, Reddit CEO Steve Huffman said its new AI translation feature — which allows readers to convert posts between English, French, Spanish, Portuguese, Italian and&#

 

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