Reddit is lkely to introduce paid forms on its platform this year. The company's CEO Steve Huffman said this during a meeting with the audience, Business Insider reports.
One of the Reddit users asked if the company had made progress in creating paid subreddits, or "content that only paid members can see." Huffman replied that they were working on it.
Another user asked if Reddit plans to introduce paid subreddits or a "system of marketplaces" in 2025. Paid subreddits, yes, Huffman said. But the marketplace is more likely not, although they are laying the foundation for it.
Huffman first mentioned the idea of paid subreddits during the company's second-quarter earnings call in August. At the time, he said they were considering creating forums with "exclusive content or private areas".
Another user asked if Reddit plans to add the ability to pay for purchases directly on the site, bypassing third-party services like PayPal. The CEO replied that they are considering this possibility in the future, but are currently focused on other tasks.
As a reminder, in 2024, Reddit achieved financial profit for the first time in its almost 20-year history. According to the results of the third quarter, the company earned $29.9 million on revenues of $348.4 million, which is 68% more than last year.
