Snapchat Had Up To 40 Lakhs New Users In Quarter 1 2019

Jyotis - Apr 25, 2019


Snapchat Had Up To 40 Lakhs New Users In Quarter 1 2019

Up to the present time, Snapchat is providing over 450 premium channels with diverse contents in the whole world.

Snapchat has reportedly added 40 lakhs new users in Quarter 1 2019. That means the photo-messaging application reached a revenue of $320M, which shows the year-over-year growth rate of 39 per cent. The considerable number surpasses the one predicted by Wall Street.

Snapchat
In the first quarter of this year, the number of Snapchat's active users per day hit 190 million.

In the first quarter of this year, the number of its active users per day hit 190 million, increasing by 2% from 186 million of the quarter 4 2018. However, the number is lower than that of the first quarter of last year (191 million).

On April 23, Evan Spiegel, the CEO of Snapchat, stated that "In the first quarter we delivered strong results across our business with growth in daily active users and revenue. Our new Android application is available to everyone, with promising early results.”

As per Snapchat’s new app, its size is 25% smaller but can be opened 20% faster. In addition, developers have made a lot of efforts to bring more ideal innovation.

Snapchat Vs Instagram
The percentage is even higher than that of the video-sharing social networking service Instagram.

On March 2019, Snapchat advertisements approached up to 75% of the total consumers in the United States between the age of 13 and 34. The percentage is even higher than that of the video-sharing social networking service Instagram owned by Facebook. Next month, the company plans to introduce 10 new original shows to its users.

According to the company, “We've enhanced Discover's high quality, made-for-mobile video offering across the Snapchat platform. In Q1 2019, nearly half of our daily Discover viewers watched Discover every day of the week.”

Up to the present time, Snapchat is providing over 450 premium channels with diverse contents in the whole world.

Evan Spiegel said, “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.”

Next Story

Read more

Google Maps Gives You Exact Pronunciation Of A Foreign Destination

Features- Nov 15, 2019

Google Maps Gives You Exact Pronunciation Of A Foreign Destination

As scheduled, Google Maps will firstly support 50 languages but the list of supported languages and regions will be completed soon.

Redmi Note 8 Pro Reportedly In The Works With Snapdragon 730G

Mobile- Nov 15, 2019

Redmi Note 8 Pro Reportedly In The Works With Snapdragon 730G

If the Redmi Note 8 Pro is indeed coming with a Snapdragon 730G gaming chipset, it would be a significant upgrade to the device.

You Can Be On The Pilot Seat Of SpaceX Crew Dragon With This New App From NASA

Features- Nov 14, 2019

You Can Be On The Pilot Seat Of SpaceX Crew Dragon With This New App From NASA

The app of NASA will be about giving users a simulation of what it is like to plan and execute a commercial crew flight, of course in a simplified form

ISRO Working On Its Next Big Plan And The Goal Is Venus

Features- Nov 15, 2019

ISRO Working On Its Next Big Plan And The Goal Is Venus

And after the Chandrayaan 2 orbiter, the Indian Space Research Organization (ISRO) has its eyes on Venus for the next big project.

How to Force Stop An Unresponsive Program On macOS

How To- Nov 15, 2019

How to Force Stop An Unresponsive Program On macOS

A program on your Mac is taking too long to close or it doesn't respond to your controls? Here are four ways to force stop an unresponsive program on macOS.

Here Is A Beautiful Concept Of The Xiaomi Mi 10 Design

Mobile- Nov 14, 2019

Here Is A Beautiful Concept Of The Xiaomi Mi 10 Design

2019 is coming to an end and Xiaomi is expected to launch the Xiaomi Mi 10 early next year. Here is the first concept of its design.