BRIEF // In the fourth quarter of 2021, Snap, the parent company of Snapchat, exceeded analysts’ expectations by achieving a turnover of 1.3 billion dollars and, above all, by recording an initial profit of 22.5 million of dollars.
This is definitely the period of great firsts for social networks. After Facebook, which lost users for the first time in its history, Snap, the parent company of the Snapchat application, had its first profitable quarter in its history in the fourth quarter of 2021. Between October and December, the American company thus exceeded analysts’ expectations by achieving a turnover of 1.3 billion dollars, up 42% compared to the previous quarter and, above all, by recording an initial profit of 22.5 million dollars.
However, Snap remains loss-making for the whole of 2021, with a loss of $488 million on revenue of $4.1 billion. Snapchat now claims 319 million active daily users and is aiming for between 328 and 330 million by the end of the first quarter of 2022. Encouraging figures which should make Snap rebound on the stock market after having accompanied Meta in its vertiginous fall during this “black” Thursday. ” for most technology stocks. In post-market trading, the title of the company headed by Evan Spiegel gained nearly 60% after losing 23% during the day on Thursday.