Snap Q4 DAUs Increased 10% YoY To 414M
Portfolio Pulse from Benzinga Newsdesk
Snap Inc. reported a 10% year-over-year increase in its Daily Active Users (DAUs) for the fourth quarter, reaching 414 million users.
February 06, 2024 | 9:13 pm
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Snap Inc. announced a 10% increase in Daily Active Users for Q4, reaching 414 million.
The increase in Daily Active Users is a key performance indicator for social media companies like Snap Inc. A 10% year-over-year growth in DAUs suggests that the platform is continuing to attract and retain users, which is crucial for its advertising revenue growth. This positive development is likely to be viewed favorably by investors, potentially leading to a short-term increase in SNAP's stock price.
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