The Snapchat app has grown faster than it has done in four years. The proceeds even increased by 116%.
The Snapchat photo app enjoyed strong popularity in the second quarter, which also boosted income. The number of daily active users increased in the three months to the end of June by 23% year-on-year to 293 million, as the operator Snap announced on Thursday after the US market closed. The app thus achieved the strongest growth in four years.
The proceeds increased by 116% to 982 million dollars (around 712 million British pounds). Bottom line, Snap still made a loss of just under $ 152 million but reduced the minus by 53% compared to the previous year. The numbers clearly exceeded expectations, the share initially rose by more than 13% after the hours of trading. In the course of the year so far, the price is up 27%.
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Good prospects
This makes CEO Evan Spiegel confident. He extensively praised the progress made by his team. In fact, he predicts a 58 to 60% increase in revenue for the third quarter this year compared to the same period last year. That would raise sales to between $ 1.07 billion and $ 1.085 billion.
Snapchat is an instant messaging app that has been around since September 2011. She specializes in sending pictures or videos that can only be viewed for a few seconds. After opening the sent media, they are deleted again and cannot be viewed again. The app is particularly popular because of the countless filters with which the photos and videos sent can be provided.
