Snap’s daily active users grew by 23%

Evan Spiegel, CEO of Snapchat announced that the revenue and daily active user grew at its highest rate in four years.

Snap has 293 Mn active users which is a growth of 23% YoY. The revenue of the company has reached $982 Mn which is the highest revenue ever.

With the rise of the creator economy, the company has heavily invested on Spotlight which is a TikTok clone and augmented reality.

Spiegel stated that more than 200 Mn users engage with AR every day on average.