Reddit (RDDT) ended Q3 2024 with 97.2 million Daily Active Users (DAUs)

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As a gamer with over two decades of experience navigating the digital landscape, I must admit that Reddit’s latest growth spurt has left me quite impressed. In my early days, I remember struggling to find active communities on forums and message boards, but now, it seems like Reddit has managed to amass a whopping 97.2 million daily active users!

This week, Reddit joined other tech companies in releasing their third-quarter earnings reports for 2024. One thing that’s indisputable is the platform’s popularity, as evidenced by this latest quarter. The number of Daily Active Users (DAUs) on Reddit reached an impressive 97.2 million during its last fiscal quarter.

Reddit disclosed information about its Daily Active Users (DAUs) in its Q3 2024 earnings report, available on their investor relations site. In this report, they provided insights into user engagement data. As per the findings, Reddit’s DAU count increased by approximately 47% compared to Q3 2023, rising from around 66.12 million to 97.2 million in the same category.

Reddit’s growth undeniably boosted several other impressive figures too. The corporation surpassed expectations in both revenue and earnings-per-share, with earnings-per-share being particularly noteworthy because it was forecasted to record a loss, but instead reported a positive result. Even amidst highly contentious choices like permitting Google to educate its AI models using Reddit content, the platform appears to be flourishing as a social discussion hub for numerous communities.

As a dedicated enthusiast, I’m thrilled by the impressive 25% surge in both book performance and user base that Reddit has experienced. I can’t wait to find out if they can maintain this positive trajectory. Keep an eye on Shacknews for updates and more insights into this intriguing development!

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2024-10-30 02:27