Sources: Reddit's revenue rose 38% YoY to ~$670M in 2022, a steep drop from 2021's 100%+ growth, adding to IPO uncertainties and suggesting a $3.3B+ valuation
A stark business reality faced Reddit before a user uprising engulfed its site this month: slowing sales growth. Twitter: @austinj , @coryweinberg , and @amir . Forums: r/technology Twitter: Austin Johnsen / @austinj : Wait, Reddit had less than $700M of revenue?? How?? https://twitter.com/... Cory Weinberg / @coryweinberg : News: Reddit's revenue hit about $670M last year, 38% growth. That was faster than many social media peers but still a stark slowdown from the prior year. More on the biz realities facing Reddit amid user protests and a stuck IPO market. https://www.theinformation.com/ ... Amir Efrati / @amir : News about @Reddit: The company would probably be valued at ~$3.3 billion if it traded publicly, based on previously undisclosed revenue & growth: https://www.theinformation.com/ ... @coryweinberg Forums: r/technology : Reddit sales growth slowdown preceded fight over new API fees