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Reddit is profitable for the first time ever, with nearly 100 million daily users (www.theverge.com)

submitted 1 month ago by misk@sopuli.xyz to c/technology@lemmy.world

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cross-posted from: https://sopuli.xyz/post/18583681

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[–] ryper@lemmy.ca 12 points 1 month ago* (last edited 1 month ago)

Reddit also grew to 97.2 million daily users over the past few months, marking a 47 percent increase from the same time last year.

This is for the quarter that covers July, August and September. Last year, the API fee kicked in on July 1, killing most third-party apps, and the quarter would have also included any lingering drop in users from June's protests. So, it's a big year-over-year increase in daily users but that's compared to what might not have been a very good quarter last year.