Snapchat is more popular than ever, and that’s very good news for Snap.
The company reported its second quarter results for 2019, revealing that user growth is again on the rise — by a lot.
Snapchat’s daily active users (DAUs), one of the app’s most closely watched metrics, grew to 203 million, up from 190 million last quarter. That’s a new high for the app, and the biggest gains it has made since 2016. It’s also significantly higher than Wall Street analysts’ expectations, most of which estimated the app would add about 2 million new users.
$SNAP earnings are out and they added 13 million (!!) new users this quarter pic.twitter.com/g8QT9KDs0f
— Karissa Bell (@karissabe) July 23, 2019 Read more…
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