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The number of people who use the Snapchat app every day grew by 23% over the year

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Snap, the company behind the Snapchat mobile messaging app with attached photos and videos, released its quarterly report. Her financial calendar coincides with the usual one, that is, the report for the second quarter of 2021 has been published.

Key achievements compared to the same period last year included an increase in the number of those who use the Snapchat application daily, by 23%, to 293 million people. The second achievement is the growth of revenue by 116%, from 454 to 982 million dollars. Third, a 53% decrease in net losses, from $ 326 to $ 152 million.

The company expects this quarter for revenue in the range of $ 1.070-1.085 billion. This range corresponds to an annualized growth of 58-60%.

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