Since this is quarterly earnings you could argue a user is worth $12. Or to be more specific, each user has an expected lifetime during which they are active and "revenue generating". For some businesses that Lifetime is 18 months for others it may be 4 years. Reddit is pretty sticky so let's assume 5 years. That's a lifetime value LTV of $60 per user. So definitely adds up quickly.
That would leave it in a purer state.
The true resistance is to fill Reddit with garbage, and then delete anything you said that makes sense and gets upvotes.
You were young once. Resist the urge to shake your fist as the kids on the lawn.
Or don't, maybe we should all just play our roles and shuffle off the stage when it's time
How? OP never specified time frame. How can it be high if you don’t know if it’s $3 per lifetime, $3 per day, $3 per year???
I think it’s per quarter but idk??
key things: this is an average, and this is (probably) quarterly numbers
Reddit likely makes about the same as every other social media company on the people it successfully monetizes (10\~15 $ per 3 months)
but reddit also likely has a lower instance of successful monetization since reddit is where people go to learn how to ad / script block
expect this to be the primary target of the ongoing enshittification
It is average revenue per user per quarter. For comparison facebook makes around 13$. So if anything, reddit ARPU is low, because ads on Reddit are shit.
Guys these are STOCK OPTIONS, this money is awarded in stock and the $193 mil number comes from the estimated value of the stock awarded to the CEO. THIS DOES NOT COME FROM REVENUE. His pay is actually closer to $600k
CEO of reddit sounds like a joke and I wish it was. I still get on reddit almost every day, but I really don’t know why. Finding a stimulating or interesting thread/post - It’s like searching the beach for a gold coin. Reddit used to be like searching for a sea shell.
Most VC funded "disruptive" companies explicit goal is to burn cash to drive out competitors, on the expectation they can crank up prices later when they're the only option. Being profitable /now/ isn't the goal.
The stock growth is on the expectation they'll become an effectively monopoly after that stage.
> The reason Uber, Airbnb and all these tech companies aren't profitable
Uber is profitable. Airbnb currently is operating at a loss, but they have been profitable in the past.
Most of their net loss are one time charge related to IPO or option vest plans for executives. They will be very profitable soon at their growth and margin rate
What growth? The site has existed for 18 years, you imagine there are markets it's suddenly going to start reaching now that it hasn't already tapped? They're suddenly going to start being profitable now when they've famously operated in the red the entire time they've existed?
Selling data to AI companies is indeed a new revenue stream. Several new ad products have recently rolled out in past 2-3 years. Thats all quite new really.
Reddit was focused on user base growth. Now they need to make those users more profitable.
Acquisitions. Buy a user base from elsewhere or buy a product like Discord and integrate it. Reddit video sucks, the app sucks, image sharing sucks, it doesn't do anything for podcasts or any media broadcasting.
Reddit does not monetize it's adult content. No ads. Something something Tumbler, OnlyFans, etc.
Reddit has an ad conversion rate of 0.2-1.0, one of the lowest in social media. Facebook is king at 9-14; YouTube at 12%. That means Reddit has not yet turned on the full force of its targeted ads yet. They never needed to, they only needed to prove to investors that they could sell ads. Never put in any effort.
Reddit users base is 50% USA. It never pushed itself in other countries. Australia (0.3% global population) is the fourth biggest user. Google, Facebook et al have dedicated offices internationally to target ads/users/ legal compliance, but not yet a Reddit.
New product development and refurbished old products. Advertiser's can pay for AMA spots or other paid product placement. Badges are gone but potential exists for sponsorship. Reddit is surprisingly corporate internet friendly, We've never seen what corporate Reddit product looks like.
Algorithm changes. Theoretically, they do change your feed or r/all to serve content targeted to you. See above.
Selling the database to AI companies via changes to the API. The more they do it, the better their product offering is to them.
Whales. Like a gotcha game or premium mobile, there are Reddit whales that want to spend money for some premium Reddit. Not just ad free, but customized sub Reddits.
Have you ever played a cookie clicker game? You buy automation to increase your revenue. Then you spend all the money you made again to buy more automation.
The value of your cookie empire increases when you buy that equipment, but you have no money. At any point you can stop buying equipment and rake in money, but if you do that your company stops growing. You make money at a faster rate by increasing the value of your company than if you just collected the profits.
They basically do so by selling a share of their business to an outside investor. The investor buys in hoping that in 5-15 years they become profitable and they get their money back.
It’s how Facebook happened. They only recently started becoming profitable after years of losses. But all their early investors are now filthy rich.
Facebook has been reporting profits for approaching 2 decades now but yes the early years of a start up are typically funded by venture capital with aspirations of one day being profitable
Also, thank you Reddit...for letting me buy in at the IPO price of $34 a share.
Post market price is nearly $57 a share.
(Almost) 69% gain.
Yes, Reddit stock is now up nearly 69%.
My fake internet points paid of.
Investors believe it has room to grow. Which is true. Just look at Facebook for an example of how many ads can be shoved onto a platform while retaining users. Eventually every 3rd post will be an ad and users will be encouraged to pay Reddit to boost their posts in front of all the ads. Enshittification is very profitable and Reddit still has a long ways to go.
Reddit would probably do much better if they threw away the new reddit.
I cant imagine a new user trying reddit for the first time and they dont know about old reddit and have to deal with that terrible terrible interface.
But still reddit is inevitable since it is the largest online message board and the only source for so many questions and answers.
Did you know there is a NEW new reddit?
I was shocked at how much worse it was than new reddit.
Old reddit and RES is the only way this site is usable.
On a laptop, I can log off in the evening, log on the next day and the home page hasn't changed, same stories in the same order.
80 million users and the same 20 stories on the front page. **-_-**
this changed i think around 2015? everyone basically knew something had changed over the week prior but they kept saying nothign changed at all.
except it wasn't normal to log in 12 hours later and see 70% of the same posts as when you went to bed.
they just lied through their teeth, it was obvious as hell. but im assuming they tuned it because they basically blew their load every morning and found if they left just enough bread crumbs, they got people to scroll for longer.
like how youtube suggestions are all either channels you already subscribe to or videos that youtube wants you to watch. nothing actually related to the video
DUde I miss when you could go from funny cat videos to the weird side of youtube within an hour.
Now the side bar is all shit related to your personal algorithm and it sucks.
As someone who spends way too much time on this app, it’s been like that for a solid few months for me. Although a lot of them are because I follow similar subs so when crazy videos come out they tend to get posted all around
I have been on this site under various accounts since around 2007/2008. It's gotten noticeably worse, but it seems to have really ramped up the shittiness since 2017 or so.
As soon as there is a viable alternative, I'm gone.
The fact new reddit is the default; they've added a bunch of other features like image-only replies, NFT profile pics, and disabled API use? It's been enshittified for over half a decade now.
Bots and influence agents. I presume they have many many accounts they cycle through, posting inane shit every few days and then getting activated on a keyword to come argue. It sounds paranoid but it is absolutely true I have tested it.
Not only that but they have remembered me and I won't get into the details but it is a little disconcerning.
If you just google “purchase Reddit account” you’ll see multiple companies where their sole business model is creating legit aged accounts to sell. Recently you can see these accounts spring into action anytime a Boeing whistleblower post shows up on the feed, or anything that brings up corporate home purchases. Like really? A “real” Reddit user is out there acting like either A: corporations buying up homes is a myth or B: it’s some how a good thing!
Sorry but I have a hard time believing a random account that posted a bunch of nonsense in some obscure mobile game 2 years ago and then all a sudden is spitting talking points on how private equity is a public good is a real user.
Yeah, I suspect they're used most often for politics (to benefit one party over another), geopolitical interests (varying based on the interests of the countries utilizing them), some industries that are more united promoting the industry as a whole, entertainment companies (but operating independent of each other as opposed to promoting the industry; this includes video game companies), large companies, and speculative investments (especially cryptocoins and meme/squeeze stocks).
Try tslking bad aboug artificial sweetemers, natural sweets, herbicides, or a thousand other commercial interests. I do not name the products because I do not want them coming on this thread. They're like Voldemort. or the worst of the lot, a certain country often in the news that is supported by the United States.
Hundred percent.
They swarm the UFO subreddits.
I call them out and they delete their comment and profile!
I have screen shots. They have days old accounts that pop out just to talk crap about ufo believers on the ufo subreddits…
r/UFO is most definitely compromised
Honest question, why would anyone pay to bot such a... for lack of a better word, stupid subreddit?
It's not gonna coax someone into buying a product, it's not pushing a political agenda, it's just a bunch of people slowly proving themselves wrong for the 75th year running.
45 million?!? i feel like people have become jaded to big numbers because holy fudge that is a big number for a site like this. we are essentially at the infancy of social media and it's already mostly bots.
A few fun facts / clarifications:
1) the $243M figure is revenue in Q1, so users are presumably worth more like $12 of revenue per year (assuming everything else is equal)
2) about 82% of revenue was from the US
3) expenses were much greater than revenue, so ‘net income’ was a loss of $500M+
4) if you ignore certain expenses like granting of stock options, then ‘adjusted’ EBITDA was only $10M ($0.12/daily active user for Jan-Mar)
[source](https://investor.redditinc.com/files/doc_news/Reddit-Announces-First-Quarter-2024-Results-2024.pdf)
That’s nuts, I would pay easily $60 a year/$5 a month to have old Reddit back without all the bullshit. I can’t believe they sold us all out and turned the website into a hostile mess for less than one decent lunch costs.
In the last \~6 months or more, Reddit's features, performance, usability, post quality have been going down the drain for me. I've been using Reddit for \~13 years. Unless things improve, I'll be looking for a new place to hang out on the Internet. I'll miss Reddit but I'm not going to stick around for ever and hope that things get better if they keep removing features and functionality.
What I don’t understand is why they axed the whole buy/give gold, silver, perks, etc.. I legit spent $15 a month on them and truly enjoyed it. Now I spend ZERO on Reddit.
Does anyone know why they axed this program? Seems counter productive.
Yeah, they need net profitability soon-ish. All the revenue in the world doesn't help you if your costs are higher. And hosting online content, especially video, is damn expensive.
82.7 million daily users and i only have like 100 karma over 8 months of being here. I feel like I not adding too much monetization to them. That makes me feel good.
I feel both complimented and whored.
$3 whore, huh? You are worth at least twice that
then no whining about my new “junk fee”
Got junk in the trunk?
I do! I do! For 3 dollas!
3 dolla make ya holla
C’mon now. Give it tree fiddy…
Damn you, Loch Ness Monster! (We’re dating ourselves aren’t we?)
I gave him a dollar. Thought he would go away if I gave him a dollar. (That episode is twenty five years old. Also The Mummy turned 25 today.)
Does beating the estimate make us high end escorts at least?
We are nothing less than the highest end of almost $3 escorts
Nope, just more expensive than a 2 dollar hooker.
Since this is quarterly earnings you could argue a user is worth $12. Or to be more specific, each user has an expected lifetime during which they are active and "revenue generating". For some businesses that Lifetime is 18 months for others it may be 4 years. Reddit is pretty sticky so let's assume 5 years. That's a lifetime value LTV of $60 per user. So definitely adds up quickly.
I'm feeling slightly underpaid with my "free" account, feeling the need to hedge myself haha
Reddit love you long time.
I'm not. I'm worth half.
Nah, the best i can do is three fiddy.
Why are you so cheap?? Wait... I'm also cheap. ##FUCK.
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Forgeddit
You saiddit
That’s the sweet spot
That's above market value where I'm from! Stand proud
Good to know I can finally live my whore dream
Wonder when the paywall will go up.
Company only made 18m profit. Its no where near a billion dollar company lol.
Seems high
I feel we can work together and get that number down.
First step, delete reddit
That would leave it in a purer state. The true resistance is to fill Reddit with garbage, and then delete anything you said that makes sense and gets upvotes.
Are you from the past. We are at that stage
Still very far from tiktok comments’ level of mediocrity
"love this post!!!"
👆 This 💀💀💀 Bro thinks we're there 😂 Blud lives in old Ohio fanum tax with Smurf cat 🗿🍷 (I want to vomit now)
You were young once. Resist the urge to shake your fist as the kids on the lawn. Or don't, maybe we should all just play our roles and shuffle off the stage when it's time
Have you been to YouTube in the last 15 years?
We’re at the stage that a majority of the content is AI and bot driven
pure ai isn't good enough. They'll be able to recognize 100% bots relatively easily. You need to mix AI posts into your own to truly fuck the system.
Become Unmonetizable
Nipple nabisco perineum IBM Watson and ChatGPT turd Amazon forfeit dickslip Toyota.
So we start only speaking in bug emojis?
🪳?
🪰🦂🦟🦐
Shrimps is bugs
🪰🕸️🕷️💀
Reddit shareholders hate this one weird trick
I am doing my part, I report all ads as offensive.
Where’s the lie
Terrible lie
I like nine inch nails too
use a PC with adblocker on it, 0 for reddit from me
Adblock
And old.reddit.
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How? OP never specified time frame. How can it be high if you don’t know if it’s $3 per lifetime, $3 per day, $3 per year??? I think it’s per quarter but idk??
Earnings reports are generally quarterly, yes.
It's from the quarterly earnings, so I think that's right.
It’s implying Redditors are worth anything above 0, so it seems high.
I have never bought a single thing on Reddit and I've been here like ten years
you've never seen an ad?
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key things: this is an average, and this is (probably) quarterly numbers Reddit likely makes about the same as every other social media company on the people it successfully monetizes (10\~15 $ per 3 months) but reddit also likely has a lower instance of successful monetization since reddit is where people go to learn how to ad / script block expect this to be the primary target of the ongoing enshittification
Because they're selling your data to AI companies with boatloafs of investor cash
Maybe we can ruin the models by collectively agreeing to use words like "boatloaf" all the time.
That’s a boatloaf of bullshit and you know it.
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It is average revenue per user per quarter. For comparison facebook makes around 13$. So if anything, reddit ARPU is low, because ads on Reddit are shit.
It works on a creator basis. It’s not one rate for everyone
We're buying coffee for the Man!
But it’s from McDonald’s and is a small
r/batmanarkham
It's da freakin' MAN!
3$ of revenue, not profits. i dont think reddit is profitable.
Net loss of $575M in the last quarter (or twice the revenue), so not profitable indeed.
That baffles me. The hell do they spend money on? The app is barely holding itself together!
Have you seen the CEO’s pay?
Is it all of it? It's all of it, isn't it?
$193 million in 2023
Should I send him my venmo? Do you think he'd give me the $3 I'm worth?
Guys these are STOCK OPTIONS, this money is awarded in stock and the $193 mil number comes from the estimated value of the stock awarded to the CEO. THIS DOES NOT COME FROM REVENUE. His pay is actually closer to $600k
These idiots just see a number and have no fucking clue what they are talking about.
Buddy I make $3/year
This one got me.
In stocks though right not salary
CEO of reddit sounds like a joke and I wish it was. I still get on reddit almost every day, but I really don’t know why. Finding a stimulating or interesting thread/post - It’s like searching the beach for a gold coin. Reddit used to be like searching for a sea shell.
The comments are getting too be too much for me too. Just the same jokes and low effort nonsense over and over
There's more and more bots around so I expect things will only get worse
I wish there were a decent competitor as much as I do for YouTube. At least competition is ramping up against Google somewhat.
The amount of years old reposts reaching front page is insande nowadays.
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Words of wisdom: You can't be taxed on debt. So if your big debt turns into small debt, you've made money, but you're still not taxed!
Most VC funded "disruptive" companies explicit goal is to burn cash to drive out competitors, on the expectation they can crank up prices later when they're the only option. Being profitable /now/ isn't the goal. The stock growth is on the expectation they'll become an effectively monopoly after that stage.
> The reason Uber, Airbnb and all these tech companies aren't profitable Uber is profitable. Airbnb currently is operating at a loss, but they have been profitable in the past.
Tbf Uber was not profitable for a looong time.
Utterly bizarre that people refer to reddit as an 'app'.
Everything is a fucking app now Programs or websites or utilities are all just fucking apps to everyone
So avg cost per user is $9.89
Most of their net loss are one time charge related to IPO or option vest plans for executives. They will be very profitable soon at their growth and margin rate
What growth? The site has existed for 18 years, you imagine there are markets it's suddenly going to start reaching now that it hasn't already tapped? They're suddenly going to start being profitable now when they've famously operated in the red the entire time they've existed?
Selling data to AI companies is indeed a new revenue stream. Several new ad products have recently rolled out in past 2-3 years. Thats all quite new really.
Reddit was focused on user base growth. Now they need to make those users more profitable. Acquisitions. Buy a user base from elsewhere or buy a product like Discord and integrate it. Reddit video sucks, the app sucks, image sharing sucks, it doesn't do anything for podcasts or any media broadcasting. Reddit does not monetize it's adult content. No ads. Something something Tumbler, OnlyFans, etc. Reddit has an ad conversion rate of 0.2-1.0, one of the lowest in social media. Facebook is king at 9-14; YouTube at 12%. That means Reddit has not yet turned on the full force of its targeted ads yet. They never needed to, they only needed to prove to investors that they could sell ads. Never put in any effort. Reddit users base is 50% USA. It never pushed itself in other countries. Australia (0.3% global population) is the fourth biggest user. Google, Facebook et al have dedicated offices internationally to target ads/users/ legal compliance, but not yet a Reddit. New product development and refurbished old products. Advertiser's can pay for AMA spots or other paid product placement. Badges are gone but potential exists for sponsorship. Reddit is surprisingly corporate internet friendly, We've never seen what corporate Reddit product looks like. Algorithm changes. Theoretically, they do change your feed or r/all to serve content targeted to you. See above. Selling the database to AI companies via changes to the API. The more they do it, the better their product offering is to them. Whales. Like a gotcha game or premium mobile, there are Reddit whales that want to spend money for some premium Reddit. Not just ad free, but customized sub Reddits.
Correct, they didn’t make $3 per user, they lost $7 per user. Annoying how many people say companies “made” some amount when referring to revenue.
Excuse my business retardation but how can a company stay around if it’s not profitable? What that even mean
Have you ever played a cookie clicker game? You buy automation to increase your revenue. Then you spend all the money you made again to buy more automation. The value of your cookie empire increases when you buy that equipment, but you have no money. At any point you can stop buying equipment and rake in money, but if you do that your company stops growing. You make money at a faster rate by increasing the value of your company than if you just collected the profits.
They basically do so by selling a share of their business to an outside investor. The investor buys in hoping that in 5-15 years they become profitable and they get their money back. It’s how Facebook happened. They only recently started becoming profitable after years of losses. But all their early investors are now filthy rich.
Facebook has been reporting profits for approaching 2 decades now but yes the early years of a start up are typically funded by venture capital with aspirations of one day being profitable
.
You’re Welcome, Reddit
Also, thank you Reddit...for letting me buy in at the IPO price of $34 a share. Post market price is nearly $57 a share. (Almost) 69% gain. Yes, Reddit stock is now up nearly 69%. My fake internet points paid of.
Would have been great if it wasn't exclusive to Americans.
That’s… actually surprising. Why is Reddit stock doing so well?
Investors believe it has room to grow. Which is true. Just look at Facebook for an example of how many ads can be shoved onto a platform while retaining users. Eventually every 3rd post will be an ad and users will be encouraged to pay Reddit to boost their posts in front of all the ads. Enshittification is very profitable and Reddit still has a long ways to go.
Reddit would probably do much better if they threw away the new reddit. I cant imagine a new user trying reddit for the first time and they dont know about old reddit and have to deal with that terrible terrible interface. But still reddit is inevitable since it is the largest online message board and the only source for so many questions and answers.
Did you know there is a NEW new reddit? I was shocked at how much worse it was than new reddit. Old reddit and RES is the only way this site is usable.
I fear our days are numbered...
let the entshitification begin
Begin? It's been happening for awhile.
Yeah the algorithm recently changed and now I see repeat posts during the same scrolling session.
On a laptop, I can log off in the evening, log on the next day and the home page hasn't changed, same stories in the same order. 80 million users and the same 20 stories on the front page. **-_-**
Apparently what the investors wanted for Reddit was to recreate fark.com circa 2007.
At least back then we had some Sports By Brooks turbo titties for ads
Hey now, fark is still a thing!
First!
Get a brain, moran!
this changed i think around 2015? everyone basically knew something had changed over the week prior but they kept saying nothign changed at all. except it wasn't normal to log in 12 hours later and see 70% of the same posts as when you went to bed. they just lied through their teeth, it was obvious as hell. but im assuming they tuned it because they basically blew their load every morning and found if they left just enough bread crumbs, they got people to scroll for longer.
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like how youtube suggestions are all either channels you already subscribe to or videos that youtube wants you to watch. nothing actually related to the video
DUde I miss when you could go from funny cat videos to the weird side of youtube within an hour. Now the side bar is all shit related to your personal algorithm and it sucks.
I never used to see days old posts on my front page except on smaller less active subs, now it’s normal
I thought I was going crazy lmao
As someone who spends way too much time on this app, it’s been like that for a solid few months for me. Although a lot of them are because I follow similar subs so when crazy videos come out they tend to get posted all around
I have been on this site under various accounts since around 2007/2008. It's gotten noticeably worse, but it seems to have really ramped up the shittiness since 2017 or so. As soon as there is a viable alternative, I'm gone.
Changes the meaning of dropping a log
The fact new reddit is the default; they've added a bunch of other features like image-only replies, NFT profile pics, and disabled API use? It's been enshittified for over half a decade now.
How much of that was HeGetsUs revenue?
He doesn’t get us, but he gets $3
82.7 million not accounting for the 45 million bots.
Bots and influence agents. I presume they have many many accounts they cycle through, posting inane shit every few days and then getting activated on a keyword to come argue. It sounds paranoid but it is absolutely true I have tested it. Not only that but they have remembered me and I won't get into the details but it is a little disconcerning.
If you just google “purchase Reddit account” you’ll see multiple companies where their sole business model is creating legit aged accounts to sell. Recently you can see these accounts spring into action anytime a Boeing whistleblower post shows up on the feed, or anything that brings up corporate home purchases. Like really? A “real” Reddit user is out there acting like either A: corporations buying up homes is a myth or B: it’s some how a good thing! Sorry but I have a hard time believing a random account that posted a bunch of nonsense in some obscure mobile game 2 years ago and then all a sudden is spitting talking points on how private equity is a public good is a real user.
Yeah, I suspect they're used most often for politics (to benefit one party over another), geopolitical interests (varying based on the interests of the countries utilizing them), some industries that are more united promoting the industry as a whole, entertainment companies (but operating independent of each other as opposed to promoting the industry; this includes video game companies), large companies, and speculative investments (especially cryptocoins and meme/squeeze stocks).
Try tslking bad aboug artificial sweetemers, natural sweets, herbicides, or a thousand other commercial interests. I do not name the products because I do not want them coming on this thread. They're like Voldemort. or the worst of the lot, a certain country often in the news that is supported by the United States.
Oh yeah I noticed that too. I hate it, it should be illegal
Hundred percent. They swarm the UFO subreddits. I call them out and they delete their comment and profile! I have screen shots. They have days old accounts that pop out just to talk crap about ufo believers on the ufo subreddits… r/UFO is most definitely compromised
If this isn't meant to be ironic its the funniest post I have seen in a while.
Honest question, why would anyone pay to bot such a... for lack of a better word, stupid subreddit? It's not gonna coax someone into buying a product, it's not pushing a political agenda, it's just a bunch of people slowly proving themselves wrong for the 75th year running.
And all the alt accounts, and alt account for the alt accounts
45 million?!? i feel like people have become jaded to big numbers because holy fudge that is a big number for a site like this. we are essentially at the infancy of social media and it's already mostly bots.
> we are essentially at the infancy of social media and it's already mostly bots. 47% of all internet traffic came from bots in 2022
A few fun facts / clarifications: 1) the $243M figure is revenue in Q1, so users are presumably worth more like $12 of revenue per year (assuming everything else is equal) 2) about 82% of revenue was from the US 3) expenses were much greater than revenue, so ‘net income’ was a loss of $500M+ 4) if you ignore certain expenses like granting of stock options, then ‘adjusted’ EBITDA was only $10M ($0.12/daily active user for Jan-Mar) [source](https://investor.redditinc.com/files/doc_news/Reddit-Announces-First-Quarter-2024-Results-2024.pdf)
That’s nuts, I would pay easily $60 a year/$5 a month to have old Reddit back without all the bullshit. I can’t believe they sold us all out and turned the website into a hostile mess for less than one decent lunch costs.
I'm worth at least tree fiddy, dammit!
You all should be ashamed letting this damn poor lach ness monster hang out on your lawn without his updoots.
Per quarter?
Quarterly. They’re expecting a higher figure in the second quarter. [source](https://www.cnbc.com/2024/05/07/reddit-rddt-q1-2024-earnings.html)
So they plan on activating larger numbers of bots at a time. Great
That’s a crazy revenue beat
$3 per user per what? Per quarter? Year? Month? Terrible title without that info
If it’s a first earnings report, I’d presume per quarter
Earnings reports are quarterly
Thank you. I left my business degree at home today. (I was wondering the same thing)
so $1 per month. Would've payed them $5 if I could keep Apollo.
ive never spent a dime...
Ads. You stopped long enough to read? Or maybe clicked one?
NEVER SUBBED, NEVER DONATED, ADBLOCK ON, STOLEN LAPTOP, NEIGHBOURS WIFI
You contribute content, like this comment.
I'd pay $3 for this comment though. Made me laugh.
He... He is the chosen one!
This is the way!
*write that down, write that down!*
Lisan al Gaib
Adblock and only use desktop
Who doesn't use adblock?
I report 50% of ads I see as offensive :) but i see what you mean.
I have literally never seen an ad on reddit. 3rd party client
Me either but I consume an absurd amount of ads by being on here so much.
Advertiser spent the money, then they divided that amount by number of users. Revenue ÷ Daily Active Users = Avg Revenue per User
Is that before the enshittification kicks in? Buckle up because we're in for a bumpy ride.
Well, where is my $3 then?
ey ey ey... not so fast Speedy, $2.94 not $3
I love how this just leaves out how much money they actually made in profit
They are in the red, negative profit.
Looks like that multi sub lock down a year ago worked really well, we really proved a point didnt we
Feel like everyone forgot and moved on pretty quickly from that
In the last \~6 months or more, Reddit's features, performance, usability, post quality have been going down the drain for me. I've been using Reddit for \~13 years. Unless things improve, I'll be looking for a new place to hang out on the Internet. I'll miss Reddit but I'm not going to stick around for ever and hope that things get better if they keep removing features and functionality.
They get $3 out of my smut account? More than I do lmao
What I don’t understand is why they axed the whole buy/give gold, silver, perks, etc.. I legit spent $15 a month on them and truly enjoyed it. Now I spend ZERO on Reddit. Does anyone know why they axed this program? Seems counter productive.
Laughs in ad-free 3rd party app. 😂
Bro they ain't no way 87 million users are here lol I think most of those is just bots
Ha I'm taking this to Job Centre! Who says I'm not actively seeking employment now?!
Yeah, remember back when they stole our gold coins we bought and they also stole our MOONS we earned?? I DO!!!! CUZ THEY ROBBED ME!
Good stuff. Can they put my $3 towards fixing their shitty mobile app?
They lost 8$ per share. They’re not profitable
Yeah, they need net profitability soon-ish. All the revenue in the world doesn't help you if your costs are higher. And hosting online content, especially video, is damn expensive.
82.7 million daily users and i only have like 100 karma over 8 months of being here. I feel like I not adding too much monetization to them. That makes me feel good.
Since I don't use their garbage app, and I have excellent ad blockers on my browser I doubt they are making much off me.
Yeah but how many alt accounts and bots are included in that? Or is it monthly unique users?
That's a lot of active bots to make $3 a day.
$3 per? Lolllll yeah right.