Reddit Revenue Rises 20% Ahead of IPO, But It Isn’t Profitable Yet
- Social site posted over $800 million revenue last year
- Reddit may reveal public IPO filing as soon as this month
This article is for subscribers only.
Reddit Inc. posted a more than 20% rise in revenue in 2023 versus the year before, people familiar with the situation said, as it prepares for one of the US’s most anticipated potential initial public offerings.
The San Francisco-based social media company is telling potential investors it had more than $800 million in revenue last year, above the $666 million it saw in 2022, the people said, asking not to be identified as the information is private.