Snapchat crosses over 750 mn monthly active users | Deccan Herald

On average, over 5 billion Snaps are created every dayIANS, San Francisco, Feb 17 2023, 12:29 istupdated: Feb 17 2023, 13:50 istSnapchat has crossed over 750 million monthly active users, its parent company Snap announced on Friday.Snap CEO and co-founder, Evan Spiegel, made this announcement at the company’s “Investor Day”.”With 375 million daily active users (DAU) reported on January 31, we have now grown DAU by +15 per cent year-over-year for 13 consecutive quarters,” the company said in a statement.In a blog post, the company said that at the current growth rate, “we see a path for Snapchat to reach over 1 billion people in the next two to three years.”Also Read | Instagram to roll out new broadcast chat featureMore than 60 per cent of Snapchatters who open the application each day create Snaps, and over 70 per cent of users who have downloaded the application engage with augmented reality (AR) on their first day in the app.The company further mentioned that “time spent per Spotlight viewer now meaningfully exceeds the time spent watching Friend Stories per Story viewer.”Moreover, Snapchat+ has reached more than 2.5 million subscribers and “an annual revenue run rate of over $100 million.””Today, we’re pleased to share
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