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Snap
Snap is well known among millennials for its popular camera app, Snapchat. In brief, people can communicate through short videos and images via the camera application. With a steady growing user base, SNAP stock price has skyrocketed by over 200% over the past year.
Late April, the company posted a remarkable first-quarter result. Revenues came in 66% higher year-over-year to $770 million and daily active users (DAUs) grew 22% to 280 million. This would mark the company’s highest ever growth rates in both areas over three years during the quarter.
The company has an optimistic outlook on its second quarter of 2021. Revenues are estimated to reach between $820 million – $840 million which is at least an 80% increase year-over-year. DAUs have been growing sequentially in all their markets and on both iOS and Android platforms. The company’s camera and augmented reality (AR) platforms are keeping users well engaged with growth of over 40% year-over-year. With such impress