Reddit’s direct advertising revenue surges 192% in June quarter

August 13, 2021 1:41

Reddit has reached US$100 million (A$136 million) in revenue in the June quarter from direct advertising, a 192% increase compared to the same period last year.

The platform has also raised US$410 million (A$558 million) in series F funding, valuing it at US$10 billion (A$13 billion.)

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Emma Shepherd

Emma Shepherd was the acting deputy editor at Mumbrella who has over seven years of print and digital experience in the industry and has previously worked as a reporter for media outlets Bauer Media (now Are Media), Yahoo Australia, and a content strategist and writer for various independent marketing agencies.

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