Snap worldwide quarterly revenue 2015-2024

In the fourth quarter of 2024, Snap generated 1.56 billion U.S. dollars in revenue, up from 1.37 billion in the previous quarter.

Snapchat product info

Snap generates most of its revenues through advertising. The company’s key advertising products are Sponsored Lenses, 3D video overlays that utilize augmented reality (AR) and mobile video advertising service Snap Ads. Snap’s product and advertising are both reliant on devices with adequate mobile processing power and high mobile bandwidth, which means that the app is primarily a product for consumers in developed mobile markets.

Snapchat usage

As of the fourth quarter of 2024, the social photo sharing app had 453 million daily active users worldwide, with India hosting the platform's biggest audience. In fall 2023, Snapchat was the second most popular social network among teens in the United States, ahead of Instagram and Twitter. The photo and video sharing app accounted for approximately one percent of total monthly app time in the United States.