• Blaze (he/him)@feddit.org
    link
    fedilink
    English
    arrow-up
    18
    arrow-down
    1
    ·
    29 days ago

    Reddit narrowed its net loss during the second quarter to $10.1 million, from $41.1 million a year earlier. Revenue, meanwhile, climbed 54%, to $281.2 million. Analysts expect the company to turn a quarterly profit in the next year or so, boosted by more targeted advertising, as well as revenue from data-licensing agreements with companies including Google and OpenAI.