Tech

Snapchat Has Reportedly Broken Its Revenue Record

Yes, you read that correctly.

By
1,533 Hypes

Snapchat Has Reportedly Broken Its Revenue Record

Yes, you read that correctly.

Despite experiencing an immense setback in the realm of user-growth, Snap Inc. has posted a new revenue record. According to Engadget, the parent company of Snapchat has somehow managed to increase its revenue by 43-percent, raising it to $298 million USD overall.

Despite the astounding revenue amount, the daily active user numbers were down 1-percent in the previous quarter. Engadget reports that this percentage equates to 186 million users. In Q3, users have grown by 5-percent. Notably, the app has recently registered 418,000 new voters.

CEO Evan Spiegel is set to implement a user growth plan to work on attaining more daily active users. recode notes that Spiegel wants to do more marketing and promoting to the age group beyond its 13 to 34 aged demographic in the United States and Europe.

Stay tuned here as more news emerges.

Read Full Article
Source
Techcrunch
Share this article

What to Read Next

Chaney Jones and Kanye West Have Reportedly Broken Up
Entertainment

Chaney Jones and Kanye West Have Reportedly Broken Up

Following a trip to Tokyo.
1,371 Hypes

Earth Experiences Its Shortest Day Ever in Recorded History
Culture

Earth Experiences Its Shortest Day Ever in Recorded History

1.59 milliseconds less than our usual 24-hour day.
6,054 Hypes

Dua Lipa Has Reportedly Been Cast in Live-Action 'Barbie' Movie
Film & TV

Dua Lipa Has Reportedly Been Cast in Live-Action 'Barbie' Movie

Co-starring alongside Margot Robbie and Ryan Gosling.
2,119 Hypes


It's Official, Christine Quinn Has Left 'Selling Sunset'
Entertainment

It's Official, Christine Quinn Has Left 'Selling Sunset'

The reality star won’t be returning for season six.
2,911 Hypes

Kim Kardashian's Newest #KKWBody Fragrance Is All About Body Positivity
Beauty

Kim Kardashian's Newest #KKWBody Fragrance Is All About Body Positivity

Everything we know about the newest product.
4,124 Hypes

Nike's Newest Air Force 1 Low Design Features Metallic Swooshes
Footwear

Nike's Newest Air Force 1 Low Design Features Metallic Swooshes

Switch up your fall sneaker lineup.
19,171 Hypes

Ram Han x why not us Debut an Exclusive Capsule Collection
Fashion

Ram Han x why not us Debut an Exclusive Capsule Collection

Featuring standout faux fur coats.
5,452 Hypes

Streetwear Is Everything in This "A Day in Shanghai" Editorial
Fashion

Streetwear Is Everything in This "A Day in Shanghai" Editorial

Featuring brands like I AM GIA, Helmut Lang and more.
5,355 Hypes

Take a Look at Kylie Jenner and Travis Scott's New $13M USD Mansion
Culture

Take a Look at Kylie Jenner and Travis Scott's New $13M USD Mansion

The couple’s first home together.
240,528 Hypes

Nike's Air Jordan 1 Gets a Cozy Makeover
Footwear

Nike's Air Jordan 1 Gets a Cozy Makeover

As a part of the Swoosh’s “Utility Pack.”
3,211 Hypes

Lush's Argan Body Conditioner Is Keeping My Skin Soft This Fall
Beauty 

Lush's Argan Body Conditioner Is Keeping My Skin Soft This Fall

The easiest way to moisturize.
3,782 Hypes

1017 ALYX 9SM's Latest Vans Get Dipped in Liquid Rubber
Footwear

1017 ALYX 9SM's Latest Vans Get Dipped in Liquid Rubber

Featuring the SK8-HI and Authentic silhouettes.
3,707 Hypes

Every Single Song We've Been Listening to in October
Music 

Every Single Song We've Been Listening to in October

Featuring picks from Asian Doll, NAO and more.
5,450 Hypes

Now You Can Buy the Kim Kardashian 'Richardson' Magazine Cover on a T-Shirt
Fashion

Now You Can Buy the Kim Kardashian 'Richardson' Magazine Cover on a T-Shirt

Dropping alongside a capsule collection.
5,296 Hypes

More ▾
 
Subscribe to our Newsletter

Keep updated on the latest news.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. Support us by whitelisting our site.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.