Wow! 173 million active users made Snap $181 million in second quarter 2017. It’s interesting that revenue was lower and user growth slowed. We have so many users of Snap at Spigot Inc that we are surprised to hear of the decay in use.
“During the second quarter of 2017, Snap made $181.7 million from 173 million daily active users, up from $149.6 million from the previous quarter. Second-quarter revenue missed a Thomson Reuters estimate of $186.2 million but was up 153 percent year-over-year before Snapchat’s API began rolling out in earnest.”
Read the full article on adweek.