Snap results crack and pop | Light Reading
Buoyed by people looking at their mobiles more during the coronavirus pandemic, Snap reported results that surpassed analysts' predictions, both in revenue and daily active users. In the three months ending March 31, Snapchat's owner saw the messaging app's daily active users soar 22% from a year before, to 280 million. This is the biggest year-on-year jump in Snap's users in over three years, since 2017. Snapping back: While coronavirus was bad news for many businesses, for Snapchat it's pushed growth. (Source: Thought Catalog on Unsplash) Its sales jumped even more, by 66% to $770 million. ...