Snapchat crosses over 750 million monthly active users

Snapchat has crossed over 750 million month-to-month lively customers, its father or mother firm Snap introduced on Friday.

Snap CEO and co-founder, Evan Spiegel, made this announcement on the firm’s “Investor Day”.

“With 375 million daily active users (DAU) reported on January 31, we have now grown DAU by +15% year-over-year for 13 consecutive quarters,” the corporate mentioned in a press release.

In a blogpost, the corporate mentioned that on the present progress fee, “we see a path for Snapchat to reach over 1 billion people in the next two to three years.”

More than 60% of Snapchatters who open the appliance every day create Snaps, and over 70% of customers who’ve downloaded the appliance have interaction with augmented actuality (AR) on their first day within the app.

The firm additional talked about that “time spent per Spotlight viewer now meaningfully exceeds the time spent watching Friend Stories per Story viewer.”

Moreover, Snapchat+ has reached greater than 2.5 million subscribers and “an annual revenue run rate of over $100 million.””Today, we’re pleased to share that our community has now grown to over 750 million monthly active users. We reach more than 75% of 13- to 34 year-olds in over 20 countries, with these countries representing over 50% of the advertising market,” Spiegel mentioned.

“On average, over 5 billion Snaps are created every day, the best of which our community submits to Spotlight,” he added.

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