said Tuesday in reporting its second-quarter 2020 numbers that its daily active users jumped 17% to 239 million in Q2. Revenue also rose 17% to $454 million as net losses widened to $326 million for the three months ended in June, up from $255 million the prior year.
The mobile-only cross between a social network and messaging app blew away forecasts for the first quarter and has been a huge gainer in the market since then. Snap may have benefited from a shift of some of Facebook’s direct response ad spending from advertisers that are pausing spend on Mark Zuckerberg’s social media giant.
Snap has evolved various functionalities from one to many sharing via Stories, content offerings, chat including video and audio calls, and creative tools like lenses and Geofilters.
I believe it. More and more people are hitting me up on Snapchat now
A great upside to closing all the schools. Snapchat says thanks.
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