BRIEF // Snap, the parent company of the Snapchat application, recorded further losses in the first three months of the year. They reached 359.6 million dollars between January and March, against 286.9 million dollars a year earlier.
After the brightening of the end of the year 2021 with the first quarterly profit in its history, Snap, the parent company of the Snapchat application, recorded new losses in the first quarter of 2022. They reached 359.6 million dollars. between January and March, compared to 286.9 million dollars a year earlier. As a reminder, the American company was in the red for the whole of 2021, with losses of $488 million.
At the same time, Snap’s revenue stood at $1.1 billion in the first three months of the year, up 38%. As for the number of daily active users, it has now reached 332 million, an increase of 18% over one year.