{"id":16397,"date":"2024-10-30T15:38:09","date_gmt":"2024-10-30T14:38:09","guid":{"rendered":"https:\/\/costops.com\/index.php\/2024\/10\/30\/reddit-shares-soar-after-company-turns-first-ever-profit\/"},"modified":"2024-10-30T15:38:09","modified_gmt":"2024-10-30T14:38:09","slug":"reddit-shares-soar-after-company-turns-first-ever-profit","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2024\/10\/30\/reddit-shares-soar-after-company-turns-first-ever-profit\/","title":{"rendered":"Reddit shares soar after company turns first-ever profit"},"content":{"rendered":"

Monthly users rose by nearly half thanks to AI translation feature, and deals for AI training with Google and OpenAI boosted revenue<\/p>\n

Reddit<\/a> on Tuesday reported a quarterly profit for the first time in its 20-year history. Shares of the company, popular for its user-led communities known as subreddits, rose more than 35% as markets opened the next day.<\/p>\n

The company reported nearly 100 million monthly users, an increase of 47% from the year prior, and a profit of $29.9m. Its revenue reached $348.4m, a year-over-year increase of 68%, handily beating analysts\u2019 expectations.<\/p>\n

Continue reading…<\/a>
\nMonthly users rose by nearly half thanks to AI translation feature, and deals for AI training with Google and OpenAI boosted revenue
\nReddit on Tuesday reported a quarterly profit for the first time in its 20-year history. Shares of the company, popular for its user-led communities known as subreddits, rose more than 35% as markets opened the next day.
\nThe company reported nearly 100 million monthly users, an increase of 47% from the year prior, and a profit of $29.9m. Its revenue reached $348.4m, a year-over-year increase of 68%, handily beating analysts\u2019 expectations. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Monthly users rose by nearly half thanks to AI translation feature, and deals for AI training with Google and OpenAI boosted revenue Reddit on Tuesday reported a quarterly profit for the first time in its 20-year history. Shares of the company, popular for its user-led communities known as subreddits, rose more than 35% as markets …<\/p>\n

Reddit shares soar after company turns first-ever profit<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":16398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/16397"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=16397"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/16397\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/16398"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=16397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=16397"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=16397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}