Reddit says it averaged more than 73 million daily active users in the final three months of 2023, up from the 52 million daily active users it reported in 2021. The company also said in its filing it hosted more than 100,000 active communities on the site in December 2023. The company’s sales in 2023 reached $804 million, up 21% from $666.7 million in 2022. Reddit reported a net loss of $90.8 million in 2023, a narrower loss than the $158.6 million loss it netted in 2022. And while Reddit said it expects its total addressable market in advertising to grow to $1.4 trillion by 2027, it also acknowledged in the filing’s risk factors disclosure that it has “a history of net losses and we may not be able to achieve or maintain profitability in the future.”