Snapchat reportedly hit 160M daily users and $400M revenue in 2016 expected IPO filing today!

[Brian mike]

Some Snap Inc stats have leaked ahead of its expected IPO filing today, and they show strong progress in earning money, but slowed user growth.

The Information (paywalled) reports that Snapchat has 160 million daily users, up from 130 million at the end of Q1 2016, and the 150 million number Bloomberg reported in June. Their source indicated user growth slowed in the second half of 2016. That could in part be due to the rise of Snapchat Stories clone Instagram Stories, which we reported this week has been stealing Snapchat usage, according to analytics providers and social media talent managers.

Snapchat Taco Bell LensRevenue looked brighter, reaching $400 million in 2016, which is in line with what analysts had estimated and was reportedly higher than the $350 million high-bar set by Snap?s team internally. That shows Snap is finding ways to squeeze a lot of money out of its relatively small user base, thanks to highly engaging sponsored animated selfie lenses and full-screen snap ads.

https://techcrunch.com/2017/02/02/snap-ipo/


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=>>>> hows your dating sales going these days , with all those free app going on ?