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Chronicles

The story behind the story

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Snapchat is testing mid-roll ads in the Stories of some US creators, ahead of a wider rollout, and will share revenue based on engagement and other metrics

The feature is currently in beta testing  —  Snapchat is introducing a new way for creators on the app to earn money.

The Verge Mia Sato

Context & Ripple Effects

Snapchat has been threading ads into the Stories experience for years — it launched Snap Ads Between Stories with its Ads API in 2016, tested six-second non-skippable ads in Shows in 2018, and layered on Promoted Stories and AR Trial Ads in 2017. What changes with this test is who gets paid: mid-rolls now run inside individual US creators' Stories, with revenue shared on engagement and other metrics rather than flowing only to Snap.

The move reads as a stepping stone toward the unified monetization program Snapchat later outlined to pay influencers for ads in eligible Stories and Spotlight posts — consolidating what had been separate ad formats and creator payouts into one system, alongside newer revenue lines like creator subscriptions and paid Memories storage.

First-order effects

  • US creators in the beta gain a direct ad-revenue stream tied to how engaging their Stories are, giving Snap a lever to retain its most-watched accounts.
  • Advertisers get mid-roll inventory placed inside creator Stories — a slot between the 2016 between-Stories units and the non-skippable Shows format — with all the targeting of Snap's existing ad stack.

Second-order effects

  • An engagement-weighted revenue share shifts creators' incentives toward formats and pacing that hold viewers through ad breaks, effectively making creators optimize for Snap's ad business.
  • As mid-rolls prove out, Snap can fold them into the unified monetization program spanning Stories and Spotlight, reducing the patchwork of separate creator-payment schemes it has run.

Third-order effects

  • If engagement-based revenue sharing becomes the default, creator income on Snapchat increasingly depends on platform-side metrics rather than direct fan payments — pushing the platform to keep adding complementary paid products like subscriptions and storage to diversify beyond ad share.
  • The pattern points toward social platforms consolidating creator monetization into unified programs where the platform controls ad placement, measurement, and payout rules across every surface.

The trend: Social platforms are converging on unified, engagement-weighted revenue-share programs that turn creator content into platform-controlled ad inventory.