Snap reported second quarter revenue of $454 million, up 17 percent compared with the same period last year.
The coronavirus pandemic fueled strong second quarter revenue for Snapchat owner Snap but didn't lift the company's user base as much as it did the previous quarter.
Snapchat's base of daily active users grew 17 percent year-over-year to 238 million. It represented sequential quarterly growth of 9 million and was lower than the 239 million that analysts were expecting. said in a statement."I am proud of our team for innovating on new experiences for our community and driving value for our partners, demonstrating the importance of our service in people's lives. We are grateful that the resilience of our business has allowed us to remain focused on our future growth and opportunity."
On the app's Discover platform for entertainment and news programming, 45 percent more Snapchatters watched a show on average each day than in the same quarter the previous year. And the daily average number of Snapchatters over the age of 35 engaging with Discover content increased by 40 percent.
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