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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On May 20, Reddit reported a 69% year-over-year revenue growth with a GAAP net margin of 30.8%. Management aims to double U.S. daily active users by investing in the feed and improving user retention. Additionally, ARPU increased by 44% year-over-year, with management guiding for a 45% revenue growth in the next quarter.