The photo app Snap has seen its strongest growth in four years, exceeding investor expectations.
The photo app Snapchat registered strong popularity in the second quarter – this also boosted income.
The number of daily active users increased in the three months to the end of June by 23 percent year-on-year to 293 million, as the operator Snap announced after the US market closed. The app thus achieved the strongest growth in four years.
The revenues increased by 116 percent to 982 million dollars (834 million euros). Bottom line, Snap still made a loss of just under $ 152 million, but reduced the minus by 53 percent compared to the previous year. The numbers clearly exceeded expectations, the share initially rose by more than 13 percent after the hours of trading. In the course of the year so far, the price is up 27 percent.
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