In the meantime, to ensure that r/PICS is adhering to all of Reddit’s guidelines and requests, we would be happy to revert the NSFW setting, restrict posting, and remove any and all content that could be considered “offensive” by anyone.

Hmm. So they are superficially giving in, they won't keep NSFW on to avoid ads money for reddit. But by going restricted, and going after all "offensive" content (could I read that to mean all John Oliver content? i.e. all content since the protests started) they stand to cause a massive drop in traffic to the sub, which should still hurt the bottom line.