Snap Inc. is shocking many skeptics with it’s continued growth in both users and revenue. This news was released by way of their financial statements for Q1 2019. The report detailed a two percent increase in daily active users. This growth also awarded Snap Inc. with a 39 percent increase in revenue.
“In the first quarter we delivered strong results across our business with growth in daily active users and revenue,” said Evan Spiegel, Snap CEO. “Our new Android application is available to everyone, with promising early results. This month we announced several new products that we believe will drive further engagement and monetization. As we look towards the future, we see many opportunities to increase our investments, and will continue to manage our business for long-term growth.”
The company also pointed-out it’s completely redesigned Android app, which was just recently been released to all android users by the end of this past March. The report includes all former announcements made during its first Snap Partner Summit in April.
How much and how do you use Snapchat to market your business? We would love to here all about it in the comments below.