{"id":17835,"date":"2023-10-25T14:37:09","date_gmt":"2023-10-25T14:37:09","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/snapchat-witnesses-a-12-growth-with-406-million-users-the-express-tribune\/"},"modified":"2023-10-25T14:37:09","modified_gmt":"2023-10-25T14:37:09","slug":"snapchat-witnesses-a-12-growth-with-406-million-users-the-express-tribune","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/snapchat-witnesses-a-12-growth-with-406-million-users-the-express-tribune\/","title":{"rendered":"Snapchat witnesses a 12% growth with 406 million users | The Express Tribune"},"content":{"rendered":"
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Snapchat announces its third quarter 2023 financial results where it has grown to 406 million daily active users.<\/p>\n

Snapchat was able to add nine million new users in the last quarter. The platform has overall seen a growth of 12% as compared to last year.<\/p>\n

In addition to the growth in daily active users, Snap Inc. achieved an increase in revenue by 5% which equates to $1,189 million as compared to last year. Apart from that, the platform experienced a net loss of $368 million and adjusted EBITDA was positive $40 million.<\/p>\n

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Snap Inc.<\/a> launched Snapchat+ subscription service that offers exclusive, experimental, and pre-release features. This service actively contributed to the growth. In addition to that, the platform also reached more than 200 million people through the MyAI chatbot.<\/p>\n<\/div>\n