What drove RDDT's earnings growth in Q3 2024?

Reddit's earnings growth in Q3 2024 was primarily driven by significant increases in revenue from advertising and other segments. The company's revenue for the quarter was $348.35 million, with a notable contribution from advertising revenue, which surged by 60% to $394.5 million. This growth in advertising revenue was likely a result of Reddit's enhanced advertising tools and improvements in its platform, which enhanced ad placements and increased average revenue per user (ARPU). Additionally, Reddit's content licensing and subscription services also contributed to the revenue growth.