Snapchat Is Gaining Users
After a rocky first year and a half as a publicly traded company, Snap (NYSE: SNAP), the parent company of Snapchat, finally started to take off at the beginning of 2019. Year to date, the company's share price is up by 160%. This return compares favorably to that of the S&P 500, which clocks in at 23% for the same period. Snap's run year to date isn't a fluke either; the company's financial results and key operating metrics have been on an upward trajectory.
During its latest reported quarter, Q3 2019, Snap's revenue increased by 50% on the back of its daily active users (DAUs) increasing both sequentially and year-over-year.
Fortunately for Snap, it doesn't look like its user growth is losing steam, and the company is even gaining new users in a surprising key demographic.
Source Fool.com
