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Reddit Q3 revenue reaches $585 million, exceeding market expectations
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Jinse Finance reported that Reddit's average daily active users in the third quarter reached 116 million, exceeding the market expectation of 114.16 million; third-quarter revenue was $585 million, surpassing the market expectation of $548.9 million; net profit was $162.7 million, exceeding the market expectation of $104.3 million. Reddit expects fourth-quarter revenue to be between $655 million and $665 million, while the market expectation is $636.2 million.
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