Snap Inc. Q1 2017 Earnings Report | Snap Inc.
Social Media Insights | Global
Snap Inc. the American technology and social media company announced their Q1 2017 earnings results, discover the main highlights below:
- Average daily active users totaled 166 million users with about 3 billion daily Snaps created.
- North America including Mexico & the Caribbean has the highest average daily active users totaled 71 million.
- Snap Inc. achieved revenue totaled $150 million; North America grabs $129 million of it.
- The average revenue per user estimated at $0.90; reached its higher level in North America, then Europe.
- Snap hosting cost totaled $99 million, while revenue share cost totaled $23 million.
Graph Shows The Capital Expenditures, 2017.
Snap Inc.
Technology & Entertainment
Founded on September 16, 2011, by Evan Spiegel and Bobby Murphy, Snap Inc. is an American technology and camera company based in Santa Monica, California. Snap Inc. has four products: Snapchat, Spectacles, Bitmoji, and Zenly to products empower people to express themselves, live in the moment, learn about the world, and have fun together. The company was originally named Snapchat Inc. upon its inception, but on September 24, 2016, it was rebranded as Snap Inc. in order to include the Spectacles product under a single company.
