Gadgets

Snapchat stops losing its users: Report

Agency | February 06, 2019 12:51 PM

SAN FRANCISCO:  Photo-messaging app Snapchat's losses seem to have stabilised as the company did not add any user in the last quarter and did not lose any either.

Snap, the photo-sharing app's parent company has said it added 186 million daily users in the final three months of 2018, unchanged from the prior quarter and ending a streak of two consecutive quarters of declining users, CNN Business reported late on Tuesday.

Earlier, Snapchat witnessed a fall in users in the wake of a controversial early 2018 redesign of the app that was intended to revive user growth but initially appeared to do the opposite.

Apart from the stable user base, Snap has also reportedly set a new record for quarterly revenue at $390 million, which brings its yearly total to more than $1.1 billion.

"In 2018, we focused on building a foundation to scale the business over the long-term by driving sustainable product innovation, scaling our advertising platform, and hiring the leadership team that will help us achieve our future goals. We ended the year with user engagement stabilising," Evan Spiegel, Co-founder and CEO, Snap was quoted as saying in the report.

While Snap lost users because of its reviled redesign, the company stressed it ultimately resulted in 30 per cent more people watching Snapchat-exclusive stories and shows, according to The Verge.

Have something to say? Post your comment
Must Read
Jalandhar Rural police busts gang of notorious vehicle snatchers
Jalandhar Rural police busts gang of notorious vehicle snatchers
Lok sabha elections 2019: Filing of nominations from April 22
Lok sabha elections 2019: Filing of nominations from April 22
CEO writes letter to PS Transport for issuance of advice to public and private bus service providers to stick to model code of conduct
CEO writes letter to PS Transport for issuance of advice to public and private bus service providers to stick to model code of conduct
Congress candidate Chaudhary Santokh Singh kicks off his campaign in Jalandhar (West) constituency
Congress candidate Chaudhary Santokh Singh kicks off his campaign in Jalandhar (West) constituency
She can’t be sane, says Capt Amarinder after Sadhvi Pragya’s repulsive remark on late IPS officer Hemant Karkare
She can’t be sane, says Capt Amarinder after Sadhvi Pragya’s repulsive remark on late IPS officer Hemant Karkare
DC and CP finalise arrangements at DAC for smooth nomination process
DC and CP finalise arrangements at DAC for smooth nomination process
DC and CP finalizes arrangements for strong rooms of EVMs and VVPATs along with counting centres
DC and CP finalizes arrangements for strong rooms of EVMs and VVPATs along with counting centres
This election is referendum on Modi’s non-performance: Manish Tewari
This election is referendum on Modi’s non-performance: Manish Tewari
Equity indices close in the red, Jet plunges over 32 pc
Equity indices close in the red, Jet plunges over 32 pc
Punjab CM orders special Girdawari to assess crop loss due to rain & storm
Punjab CM orders special Girdawari to assess crop loss due to rain & storm
Vigilance nabs revenue Patwari, private person for taking bribe
Vigilance nabs revenue Patwari, private person for taking bribe
Youth will take Cong and Amarinder to task for reneging on promises made to them – Harsimrat Badal
Youth will take Cong and Amarinder to task for reneging on promises made to them – Harsimrat Badal