Snap is showing signs that a redesign of its core app and strong following among young people are translating into business gains
Snap Inc. reported rising daily users and accelerated revenue growth on Tuesday, signs that a tumultuous redesign of the company’s core app last year and its strong following among young people are translating into business gains.
The Santa Monica, Calif.-based company said daily users increased 2% to 190 million, from 186 million the previous quarter, after three consecutive quarters of stagnation. Analysts polled by FactSet had expected the number of users to inch up less significantly, to 187 million.
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