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Snap’s Revenue Jumps 116%, Beating Expectations

By
Sylvia Varnham O'Regan
· · Source: The Information

Snap’s revenue grew 116% to $982 million in the second quarter, exceeding expectations as the company continues to build on its momentum from the past year. Daily active users on the platform reached 293 million, up 23% from the prior year. Last quarter, Snap reported 280 million daily active users. Snap has been gaining ground of late as it focuses its attention on new features and...

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