Breaking News

Kioxia and Dell Technologies First to Deliver High-Density Server with 9.8 PB of Flash Storage ASUS Republic of Gamers Announces ROG NUC 16 Silicon Power Launches CreatePro Series Newtro Cooling Series and Next-Gen LCD Coolers at Computex 2026 Sony Announces the Launch of Xperia 1 VIII

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Snap Updates Android App, Reports Revenue and More Active Users

Snap Updates Android App, Reports Revenue and More Active Users

Enterprise & IT Jul 24,2019 0

Snap’s Snapchat on Tuesday reported higher than expected user growth and revenue, getting a boost from a better version of its Android app and the launch of new augmented reality photo lenses.

The company said the number of daily active users rose to 203 million in the second quarter ended June 30 from 190 million in the prior quarter. The user metric was also up from 188 million a year earlier.

The AR lenses, which are filters that can overlay everything from bunny ears to freckles onto a user’s photo, went viral when it introduced a lens that let users switch their gender in photos.

In recent months, Snap scored wins with its augmented reality lenses, launched mobile games within Snapchat in partnership with game developers such as Zynga Inc and invested in more content on Discover, the part of the app that houses original shows and content from media partners.

Snap’s revenue, which it earns from selling advertising on the app, jumped about 48% to $388 million.

Snap expects daily active users to be between 205 million and 207 million in the third quarter, Chief Financial Officer Derek Andersen said.

Of the 13 million daily active users Snap gained during the second quarter, 7 million to 9 million were from the new augmented reality lenses, Andersen said.

Net loss narrowed to $255.2 million from $353.3 million a year earlier.

Snap expects third quarter revenue in the range of $410 million to $435 million.

Snap on Tuesday also announced a new, faster Snapchat — rebuilt just for Android phones.

Rebuilt from the ground up, the app includes updates to Lenses, Stories, taking Snaps, and more.

Tags: SnapSnapchat
Previous Post
UPS Launches Drone Business
Next Post
Facebook Messenger Kids ‘Error’ Allowed Kids To Chat With Strangers

Related Posts

  • Snap New Spin on Painting With Damien Hirst Lens

  • Coronavirus Boost Snapchat Use, Company's Revenue

  • 'Here For You' Feature to Support Snapchatters Experiencing an Emotional Crisis

  • Snap Misses Quarterly Revenue Estimates

  • Snapchat’s Bitmoji TV Goes Live

  • Snap Introduces Cameos

  • Snap and Gucci Unveil Limited-edition 3D Spectacles

  • Verizon, Snap to Develop 5G Augmented Reality Experiences

Latest News

Kioxia and Dell Technologies First to Deliver High-Density Server with 9.8 PB of Flash Storage
Enterprise & IT

Kioxia and Dell Technologies First to Deliver High-Density Server with 9.8 PB of Flash Storage

ASUS Republic of Gamers Announces ROG NUC 16
Enterprise & IT

ASUS Republic of Gamers Announces ROG NUC 16

Silicon Power Launches CreatePro Series
Enterprise & IT

Silicon Power Launches CreatePro Series

Newtro Cooling Series and  Next-Gen LCD Coolers at Computex 2026
Cooling Systems

Newtro Cooling Series and Next-Gen LCD Coolers at Computex 2026

Sony Announces the Launch of Xperia 1 VIII
Smartphones

Sony Announces the Launch of Xperia 1 VIII

Popular Reviews

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Soft2bet and the unseen hardware that makes instant play possible

Soft2bet and the unseen hardware that makes instant play possible

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

Crucial T710 2TB NVME SSD

Crucial T710 2TB NVME SSD

JSAUX 65Wh Rog Ally Battery

JSAUX 65Wh Rog Ally Battery

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed