Snap Inc. has published its latest performance update, showing a steady increase in active users, and a return to positive revenue growth.
First off, on users. Snap’s daily active user count rose to 406 million, up 12% year-over-year. It’s the first time that Snap has eclipsed 400 million users, which underlines the ongoing resilience and relevance of the app to its many users, though it is also worth noting that Snap’s still struggling to add users in the U.S., its key revenue market.
In terms of revenue, as noted, Snap returned to positive growth in Q3, increasing 5% year-over-year to $1.189 billion.
As you can see in these charts, Snap is still largely reliant on North America for its income, even though the majority of its user growth is coming from developing markets.
Snapchat does have some challenges, but the overall growth looks promising indeed.
You can read the full report on Snapchat Q3 here.
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