Reddit is profitable for the first time ever, with nearly 100 million daily users

Pink text reading “reddit” with also pink portions of the Reddit alien’s head occupying the bottom right and top left corners of the image, the top one upside down, all on a black background. Image: The Verge

Reddit just turned a profit for the first time. As part of its third-quarter earnings results released on Tuesday, the company reported a profit of $29.9 million, along with $348.4 million in revenue — a 68 percent increase year over year.

The company hasn’t been profitable at any point in its nearly 20-year history. Since going pub...

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