Snap is finally profitable
finally profitable
That may be a tiny percentage of its $4.1 billion in quarterly revenue, but it’s an important step for the company which has at times struggled with user growth. But those challenges appear to be firmly behind Snapchat, as daily active users climbed to 319 million, an increase of 13 million for the second quarter inThe news for shareholders was particularly welcome as Snap’s results came a day after Meta reported that Facebook’s daily active users had declined for the first time in its history.
“We built our business with privacy by design at the core of our products, including our advertising platform,” he said. “As a result, the impacts of the changes that we've seen on the iOS platform are likely to be experienced differently for business than perhaps for others.” He added that the company was still “very early in the journey.”
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