Nearly 5 years after going public, Snap is . The firm shared the milestone in its fourth-quarter earnings report, the place it reported $23 million in optimistic web revenue.
That could also be a tiny proportion of its $4.1 billion in quarterly income, however it’s an essential step for the corporate which has at instances struggled with person development. But these challenges look like firmly behind Snapchat, as each day energetic customers climbed to 319 million, a rise of 13 million for the second quarter in . DAUs have been up 20 % general in 2021.
The information for shareholders was significantly welcome as Snap’s outcomes got here a day after Meta reported that Facebook’s each day energetic customers had declined for the primary time in its historical past. The ensuing inventory slide wiped greater than off the corporate’s market cap.
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