Reddit Sales Growth Slowdown Preceded Fight Over New API Fees

A stark business reality faced Reddit before a user uprising engulfed its site this month: slowing sales growth.

Reddit’s revenue rose 38% in 2022 to about $670 million last year, two people familiar with the matter said, faster than many other internet ad firms but a steep slowdown from the more than doubling of revenue the company experienced in 2021 over 2020.