A picture taken on October 1, 2019 in Lille shows the logo of mobile app Snapchat displayed on a tablet. (Photo by DENIS CHARLET / AFP) (Photo by DENIS CHARLET/AFP via Getty Images)

By: Economic & Finance Report

Snapchat (SNAP) has finally become profitable, earning profits the first time since it went public with its IPO. It indicated that daily users of the platform are 319 million daily users. SNAP saw revenue of $1.3 billion dollars in the fourth quarter of 2021.

Snapchat (SNAP) core business which includes various photography and picture camera rolls was the main indicator that brought the company ahead in the fourth quarter. SNAP’s daily active users (DAU) have been increasing by 20%, for the past 2021 year. -SB

Image Source: Tech Crunch

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