'Snapchat+ Draws 4 Million Paid Subscribers In First Year; Snapchat's Showing It Can Work With The Right Offering At The Right Price Point $3.99 Monthly' - Axios
Portfolio Pulse from Happy Mohamed
Snapchat's subscription service, Snapchat+, has reached 4 million paid subscribers in its first year. The service, priced at $3.99 monthly, offers users access to experimental and pre-released features. Snapchat plans to roll out new features to Snapchat+ subscribers in the coming weeks.
June 29, 2023 | 1:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Snapchat's successful subscription service, Snapchat+, indicates a potential new revenue stream for the company. The service's growth and planned new features could positively impact SNAP's stock in the short term.
Snapchat+ has shown significant growth in its first year, indicating a successful new revenue stream for Snapchat. The planned roll-out of new features could further increase the service's appeal and drive more subscriptions, potentially leading to a positive impact on SNAP's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100