Snap’s daily active users grew by 23%1 min read

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.

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