Posted By on Oct 26, 2023 |







Credit: Snapchat

It is significant to highlight that Snap’s most recent performance update reveals a consistent rise in the number of its active users. The outcome also demonstrates the company’s return to positive revenue growth.

It is unclear what Snap’s and its businesses’ immediate futures hold in light of growing expenses and competitive pressure.

Positively, Snap’s daily active user count has risen to 406 million, a 12 percent increase from the previous year.

The company has demonstrated its ongoing resilience and relevance to its user base by reaching 400 million users for the first time. Even so, Snap’s primary revenue stream—growing its user base in the US—continues to be a challenge.

Nevertheless, Snap’s overall growth bodes well for the company’s future prospects and business.

Young people still prefer Snapchat over other social media platforms,…

Source link