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Snapchat is seeing significant audience growth

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How to Grow Your Snapchat Audience Description video: How to grow your audience on Snapchat // How to grow your snapchat following and community as quickly as possible is what I cover in this video, along with some snapchat tips […]

How to Grow Your Snapchat Audience

Description video:
How to grow your audience on Snapchat // How to grow your snapchat following and community as quickly as possible is what I cover in this video, along with some snapchat tips and tricks from some of the most famous snapchaters in the game! \n\nBUY Snap Tag Stickers: http://bit.ly/1UGsL2S\n\nDOWNLOAD GhostCodes: http://apple.co/1W9ShwX\nEarly Access Code: PINKY\n\nStarring in this video:\nDanny Berk: @DannyBerk\nBrian Fanzo: @iSocialfanz\nCarlos Gil: @TheCarlosGil\nCyrene Quiamco: @Cyreneq\nFrank Danna: @FrankDanna\nGini: @ginicanbreathe\nShaun Ayala: @shaunayala\nSaba Sedighi: @sabasedighi\n\nSTART Recording for Revenue: bit.ly/1LKlW6i\n\nBecome a Patron of my channel:\nhttps://www.patreon.com/SunnyLenarduzzi?ty=h\n\nTalk to me: \nSnapchat: sunnylenarduzzi\nTwitter: https://twitter.com/SunnyLenarduzzi\nInstagram: http://instagram.com/sunnylenarduzzi/\nFacebook: https://www.facebook.com/SunnyLenarduzzi

Snapchat is seeing significant audience growth

Snap Inc’s quarterly revenue exceeded Wall Street’s expectations. This was facilitated by the self-isolation regime, which prompted people to seek entertainment on the Internet..

Snapchat is seeing significant audience growth

Snapchat saw an increase in active users in the last week of March as they used the app more often to communicate with friends and family. 

Snap shares jump as much as 20% in trading after quarterly report.

Snapchat’s daily active users also grew 20% to 229 million. There were 218 million in the previous quarter..

The revenue that Snap earns mainly from selling ads in its app grew 44%. The company said the cash raised in the first two months of the quarter offset the March decline as advertisers began to tighten marketing budgets..

Analysts expected revenue of $ 428.80 million.

«Small and midsize businesses hit hard during the pandemic, but they are far from the main part of Snap’s ad business, helping to take a hit in the current environment», – said Jeremy Gorman, Chief Business Officer Snap.

The company said it will shift resources to its sales team to serve advertisers in industries such as games and home entertainment, which are expected to see higher interest from people forced to be at home most of the time..

For example, Snap is considering helping film studios transition to digital or streaming releases..

«Strong growth at the start of the quarter reflects our investments in audience, ad products and optimization, and gives us confidence in our ability to drive revenue over the long term.», – said Evan Spiegel, CEO Snap.

Research firm eMarketer downgraded growth estimate for global ad industry this year to 7% from 7.4%.