Snapchat's Daily Active Users Increases to 319 Million; Snap Reports Its First-Ever Profit | Beebom

In its Q4 2021 investor report, Snapchat’s parent company Snap revealed that is finally making profits after going public nearly five years ago. Snap reported a 64% increase in its yearly revenue as compared to last year. Furthermore, the company revealed that its daily active users saw an increase of 20% during the year. Snap Inc. Finally Makes Profit According to the investor report, Snap Inc. made a total revenue of $4.1 billion in 2021. However, the company’s net profit was only $23 million, which is minuscule as compared to the total revenue of the company. Nonetheless, it has been one of the best years for Snap as the company finally made profits after going public back in 2017. There were times when Snap struggled to grow the user base for Snapchat and dealt with massive losses. This year, however, the company was able to garner more than 2 million daily active users, acquiring a total of 319 million users. It comes as a positive factor for the company as Meta, one of Snap’s competitors, yesterday reported that Facebook lost 1 million daily active users during the year, which is a first for the company. “2021 was an exciting year…
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