Snap reports Q4 revenue up 10% YoY to $1.72B, vs. $1.7B est., DAUs up 5% to 474M, vs. 478M est., forecasts Q1 revenue below est., and announces a $500M buyback
Snap shares were up over 5 percent in after-hours trading on Wednesday after the Snapchat-parent released fourth-quarter earnings that beat on sales.
Snap says 375K+ creators have built 4M+ AR lenses for Snapchat; CTO Bobby Murphy says Indian creators are now the top source of AR lenses, up 50%+ in two years
Vikas SN / Moneycontrol :
Snap reports Q4 revenue up 5% YoY to $1.36B, vs. $1.38B est., DAUs up 10% YoY to 414M, a net loss of $248M, up from $288M in Q4 2023; SNAP drops 30%+
mean audio/video clips, I'm assuming. Does gen Z want that? idk. X: Dare Obasanjo / @carnage4life : $SNAP drops -30% after meeting expectations on revenue ($1.36B vs $1.38B) but forecasting lower tha...
Meta reports Q2 revenue up 11% YoY to $32B, net income up 16% YoY to $7.79B, and family daily active people up 7% YoY to 3.07B for June 2023; META jumps 10%+
but most of the new users came from outside the US and Canada Karissa Bell / Engadget : Meta had its best quarter since 2021 despite losing more money on the metaverse Abubakar Idris / The Messenger :...
Snap announces that Snapchat+, which lets users access experimental and pre-released features for $3.99 per month, reached 4M paid subscribers in its first year
Snapchat on Thursday will announce that its subscription service, Snapchat+, has reached 4 million paid subscribers in its first year, executives told Axios.
Apptopia: so far in 2023, TikTok has generated $205M more in IAP revenue than Facebook, Instagram, Snapchat, and Twitter combined
Big social networks are pulling a massive revenue U-turn since Apple's introduction of App Tracking Transparency. The user privacy feature …
Snap says Snapchat now has 750M+ MAUs, up 25% from April 2022, 150M of which are in North America, Snapchat+ for $3.99/month has 2.5M subscribers, and more
VaynerMedia: in 2022, buying 1K video ad impressions on TikTok cost around 50% less than Instagram's Reels, ~33% less than Twitter, and 62% less than Snapchat
Advertisers and brands say an increasing amount of digital ads spend is moving away from Meta, YouTube and Twitter
Source: Snapchat now pays creators using its TikTok clone Spotlight millions per year collectively, down from millions per week in 2021 and $1M per day in 2020
again See also Mediagazer
Snap launches a Sounds Creator Fund, awarding up to $100K per month to artists distributing songs on Snapchat via DistroKid, or $5K per song, starting in August
Snap has announced the Snapchat Sounds Creator Fund: Its first fund designed to support emerging and independent artists …