Snapchat added users, increased revenue in Q4, but ‘still extremely under-monetized,’ says Spiegel
Snap Inc., the company behind Snapchat, reported a 44% year-over-year increase in revenue for the fourth quarter of 2019, reaching $561 million. Daily active users (DAUs) on Snapchat reached 218 million, up 4% from 210 million in the previous quarter. Snap fell short of analysts’ revenue expectations of $563 million – a sign the company is still […]