Forget User Growth: Here’s the Real Reason Reddit’s Revenue Is Exploding

Reddit (NYSE:RDDT) reports third-quarter results later this month, and the company has already told investors to expect revenue of $860 million to $870 million. That guidance follows a second quarter in which revenue grew 61%, the eighth straight quarter above 60%. But US daily active users rose only 6% to 53.2 million in the second […]