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Re:Reddit Bans Five Communities In New Anti-Harassment Campaign by jaggederest on Wednesday June 10, 2015 @11:47PM (#9697380)
He said in an interview that it was technically profitable, but that nobody was taking a paycheck. That was in 2010. It's been supposed that the 'passes' system in 2012 made the site actually-profitable, but I haven't seen any statement to that effect.

http://bits.blogs.nytimes.com/2010/03/19/one-on-one-christop...

Re:Reddit Bans Five Communities In New Anti-Harassment Campaign by brobinson on Thursday June 11, 2015 @12:33AM (#9697575)
He also offered refunds for the passes last year because Google's new Recaptcha system meant that a lot of users were no longer seeing captchas at all.