Snapchat is a program that delights investors with the strong growth of its user base


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Posted on: Friday, July 23, 2021 – 10:09 am | Last update: Friday, July 23, 2021 – 10:09 am

The parent company of the Snapchat social networking program said today, Thursday, that the number of daily active users of the program increased by 23% in the second quarter of the year, compared to the same period last year, to reach 293 million users.

The announcement constitutes the program’s strongest performance in four years.

Revenues increased by 116% to $980 million. However, Snap saw a loss of about $152 million, despite a 53% reduction from the same period a year ago.

The numbers clearly exceeded expectations, and the stock price initially rose by more than 13% in after-hours trading.

The stock has increased by 27% so far this year.


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