Snap Inc reported on the quarterly success of its messenger. Snapchat is almost back to where it was last year.
Back in the saddle
According to the developers' estimates, in the first financialIn the quarter of 2019, the messenger's audience amounted to 190 million active users, which is 4 million more than in the previous quarter. The growth is driven by the April update of Snapchat on Android. The application was completely rewritten taking into account the characteristics of different smartphones. Users noted that the messenger began to work much faster, especially on budget models.
As for the company itself, thisIn the quarter, its revenues amounted to $320 million, up 39% from a year earlier. However, they are offset by operating losses of $316 million, which were 24% less in 2018. If the positive trend continues, Snap Inc will start turning a profit relatively soon.
Source: Engadget
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