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Snapchat Adds 4 Million New Users in the First Quarter

It now offers more than 450 premium content channels worldwide

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Snapchat Logo. VOA

Photo-messaging app Snapchat added four million new users in the first quarter of 2019, registering a revenue of $320 million — up 39 per cent (year-over-year) — thus beating the Wall Street estimates.

Snapchat’s daily active users (DAUs) were 190 million — up two per cent from 186 million in the previous quarter but down from 191 million in Q1 2018.

“In the first quarter we delivered strong results across our business with growth in daily active users and revenue,” CEO Evan Spiegel said in a statement late on Tuesday.

“Our new Android application is available to everyone, with promising early results,” he added.

Snapchat is reportedly planning to launch more "Lenses" that will react to sounds over the coming weeks.
Snapchat in a Smartphone. IANS

The new app is 25 per cent smaller, opens 20 per cent faster on average, and is modularized for more efficient ongoing innovation.

As of March, Snapchat ads reached 75 per cent of the US consumers in the age group 13-34 — more than Facebook-owned Instagram.

The company announced 10 new Snap original shows which will begin airing in May.

“We’ve enhanced Discover’s high quality, made-for-mobile video offering across the Snapchat platform. In Q1 2019, nearly half of our daily Discover viewers watched Discover every day of the week,” said the company.

Also Read- Jack Dorsey, Donald Trump Discuss ‘The Health of Public Conversation’

It now offers more than 450 premium content channels worldwide.

“As we look towards the future, we see many opportunities to increase our investments, and will continue to manage our business for long-term growth,” Spiegel noted. (IANS)

Next Story

Snapchat Announces a new 3D Camera Mode: Report

Snap initially introduced the idea for 3D effects with Snaps when it introduces its latest version of Spectacles, which include a second camera to capture depth

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Snapchat is reportedly planning to launch more
Snapchat in a Smartphone. IANS

Photo-messaging app Snapchat has announced a new 3D Camera Mode that will let users make and share images with diorama-like depth effects.

The feature will only be available to users with an iPhone X and above as it uses the tech used by the True Depth camera, but any Android or iOS device will be able to receive and view the creations.

Also Read: Elon Musk Shares Pictures of SpaceX’s New Starship Prototypes

The 3D selfies captured in Snapchat can be shared on the app or saved to a user’s camera roll and shared elsewhere. Sharing outside the app will take away the ability for people to move their phone around to change the image’s perspective, The Verge reported on Tuesday.

Snap initially introduced the idea for 3D effects with Snaps when it introduces its latest version of Spectacles, which include a second camera to capture depth. (IANS)