However, it seems that the firm led by Phone Number Database Evan Spiegel is finding the formula to return to the forefront of social networks, a place that they had left in the face of the evident growth of platforms such as Facebook and Instagram, Phone Number Database even widely surpassed by TikTok. Information about your return This Tuesday Phone Number Database the US company released the results of the first quarter of 2020, reporting that it had revenues of 462 million dollars , far exceeding expectations as it represents 44 percent more than the previous year.
In addition to this, it gained 39 million Phone Number Database daily active users, 20 percent compared to the same period but in 2019, reaching 229 million. Based on reported numbers, Snapchat posted the highest annual user growth the Phone Number Database company has reported since the second quarter of 2017 , not to mention surging revenue and, notably, also cutting net loss from 310 to 305. millions of dollars. A fact that stands out and is very relevant is that the Phone Number Database company registered 122.2 million dollars for sales and marketing , a considerable increase if one takes into account that in the same quarter of the previous year it reported 97.8 million .
The keys to his return " Snapchat has Phone Number Database always been focused on helping people build and maintain their friendships, which is especially critical as people practice physical distancing and shelter in place ," said Evan Spiegel, in his comments introducing the report . . His words refer to the difficult time we are experiencing globally, Phone Number Database but they also apply to how the application has focused on strengthening its community and, thereby, becoming more attractive to advertisers. That said, and considering the effects of the coronavirus in the world, we can say that its results are quite positive, reinforcing the work presented in recent months.