Snapchat added 13 million daily users in the three months ending in June, ending a long period of lackluster growth and pushing the company's total audience above 200 million daily users for the first time
Snapchat added 13 million daily users in the three months ending in June, ending a long period of lackluster growth and pushing the company's total audience above 200 million daily users for the first time. The stronger-than-expected user growth, combined with a slowdown in losses during the quarter, helped drive up shares of Snapchat's parent company, Snap, about 11% in after-hours trading. It's now just short of its initial public offering price.
Read MoreExecutives attributed the revenue growth to investments the company has made in ad products, such as new six-second, unskippable commercial ads on its Discover content. Snapchat also introduced sponsored augmented reality features, with users spending an average of 10 seconds interacting with the photo lenses, the company said.It attributed user growth, which had stalled last year, to better quality exclusive content.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
RS Charts: Ed Sheeran Debuts at Number One on Top 200 Albums ChartSinger-songwriter’s all-star LP No. 6 Collaborations Project moves 140,500 album units in first week
Read more »
Unwell Ledecky withdraws from 200, 1,500 freestyleKatie Ledecky withdrew from the 200 meters freestyle and will miss her 1,500 tit...
Read more »
Ledecky illness shocks world championshipsKatie Ledecky's withdrawal from the 200 and 1,500 meters freestyle put a hu...
Read more »
As more than 200 fires burn in Alaska, an all-women's fire crew is headed there to helpAs more than 200 active fires burn in Alaska, eight brave women have traveled to The Last Frontier to help battle a blaze
Read more »
Hundreds of black deaths in 1919 are being rememberedAmerica in the summer of 1919 ran red with blood from racial violence, and yet today, 100 years later, not many people know it even happened. It flowed in small towns like Elaine, Arkansas,...
Read more »