Reddit’s on a roll. The social media platform has just turned a profit for the first time in its 20-year history, and now boasts a record 97.2 million daily active users, marking a year-over-year increase of 47%. A few times during the quarter, the figure topped 100 million, which Reddit CEO and co-founder Steve Huffman said in a letter to shareholders had been a “long-standing milestone” for the site.
The company, which went public in March, announced the news in its third-quarter earnings results on Tuesday.
In a remarkable turnaround, Reddit reported a $29.9 million profit, a huge improvement on the $575 million loss that it suffered earlier this year in its first quarter as a public company. In its last quarter, it reduced that to $10 million.
The strong performance is down to ad revenue of $315.1 million, up by 56% on a year earlier, and “other revenue” (including deals struck with Google and AI to allow Reddit content to be used for training their AI models), which reached $33.2 million, marking a whopping 547% increase from a year earlier.
“It was another strong quarter for Reddit and our communities as we achieved important milestones, including new levels of user traffic, revenue growth, and profitability,” Huffman said on Tuesday.
The CEO said that so far this year, “Reddit” has been the sixth-most-Googled word in the U.S. as people increasingly turn to the platform for answers, advice, and communities.
“We saw this play out in real time when the White House came to Reddit to share critical information during recent hurricanes, reaching people in the affected areas with timely updates,” he said.
But it hasn’t all been smooth sailing for the company behind the popular online forum. Last year, for example, Reddit was heavily criticized for its decision to start charging for API access, a move that heavily impacted third-party apps and which caused some to close down.
It’s also facing scrutiny from the Federal Trade Commission over the sale of user-generated content for training large language models operated by Google and OpenAI.
Nearly a month after announcing the GPT-6.1 Sol model, OpenAI unveiled GPT-6.1 Terra today. The latest addition to the family focuses on computer use, visual reasoning, coding, and professional work, while costing 50% less through the API than GPT-5.6 Terra.
OpenAI says Terra can handle everything from filling out browser forms and working inside spreadsheets to interpreting technical drawings and editing videos. The company says it can also complete computer-based tasks more than three times faster than GPT-6 Astra and GPT-6.1 Sol.
ASUS has started selling its UGen Intel Arc Pro B70 graphics card in Europe, bringing its take on Intel’s workstation GPU to customers with a hefty €1,799 recommended price. The card is available in Germany and Austria, while ASUS lists it at CHF 1,799 in Switzerland.
Intel first introduced the Arc Pro B70 in March 2026, with its own branded model starting at $949. ASUS’s version arrives several months later with the same core GPU architecture but a different cooling design and a higher power rating. The price also places it well above Intel’s original starting point, although the two prices are not directly comparable because ASUS’s European figure includes VAT.
Anthropic has officially filed to go public, and buried inside its S-1 is a blunt warning about the technology at the center of its business. The maker of Claude AI says advanced AI could cause everything from large-scale cyberattacks and geopolitical instability to catastrophic or even existential risks for humanity.
The warnings take up a surprisingly large part of the filing. Axios notes that more than 90 pages, or roughly a third of the prospectus, focus on risk factors. Many of them warn about what could happen as AI systems become more capable and autonomous.