Feb 3, 2017

Finally: some Snapchat numbers

Snapchat filed for an IPO and therefore had to release some numbers on users and usage: Topline is 161 million daily active users (DAU), 53mn of them in Europe, 400mn revenue in 2016 (coming from 59 mn), most of it in the US, and staggering >500mn loss. If they manage to create similar revenue growth in Europe and Asia, it can become a very interesting company though. I also found this statement from their filing very interesting:

"Snap Inc. is a camera company.
We believe that reinventing the camera is our greatest opportunity to improve the way people live and communicate.
Our products empower people to express themselves, live in the moment, learn about the world, and have fun together."

The full filing is here:
https://www.sec.gov/Archives/edgar/data/1564408/000119312517029199/d270216ds1.htm

Two nice TechCrunch articles with key charts & stats here:
https://techcrunch.com/2017/02/02/snap-s1-numbers/
https://techcrunch.com/2017/02/02/snap-has-finally-filed-publicly-for-its-massive-ipo/