COVID-19 impact: Snapchat user base reaches 229 million

San Francisco: Snap, the parent company of popular social media platform Snapchat, saw its stock up nearly 20 per cent after its first quarter revenue increased 44 per cent (year-over-year) to $462 million, along with Snapchat’s daily active user base reaching 229 million, which is up 20 per cent from last year.

DAUs increased sequentially and year-over-year in each of North America, Europe, and rest of the world on both iOS and Android platforms.

On average, more than 4 billion Snaps were created each day in Q1 2020.

“Snapchat is helping people stay close to their friends and family while they are separated physically, and I am proud of our team for overcoming the many challenges of working from home during this time while we continue to grow our business and support those who are impacted by COVID-19,’ he added. (IANS)

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