Reddit had become Google’s favorite site. Reddit was getting more users, but especially more casual users, who were less likely to contribute to the platform; it was also attracting more parties interested in leveraging Reddit’s Google visibility for profit.

Reddit CEO Steve Huffman said paywalled forums are coming this year, and the company is also exploring expanding e-commerce features in the future.

Reddit turned in solid revenue growth, but investors were disappointed with its user growth. The company has a nice international opportunity in front of it. The stock looks reasonably valued if it can continue its strong growth.

Even accounting for its recent sell-off, Reddit stock is up big in recent months. One hedge fund revealed it took a big stake in the social media giant.