Reddit Swings to Profit on Higher Revenue, Growth in Daily Active Users

Reddit said advertising revenue rose 61% to $358.6 million on higher impressions and prices. Photo: dado ruvic/ReutersReddit logged higher revenue and swung to a profit in the first quarter as advertising revenue rose on higher impressions and prices.The social media company on Thursday swung to a profit of $26.2 million, or 13 cents a share, from a loss of $575.1 million, or $8.19 a share, a year earlier. ...