In the first quarter of 2024, Snap generated 1.19 billion U.S. dollars in revenue, down from 1.3 billion in the previous quarter. The final quarter of 2023 saw Snap's highest ever quarterly revenue.
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.
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Snap Inc.. (April 25, 2024). Global revenue of Snap from 2nd quarter 2015 to 1st quarter 2024 (in million U.S. dollars) [Graph]. In Statista. Retrieved June 18, 2024, from https://www.statista.com/statistics/552694/snapchat-quarterly-revenue/
Snap Inc.. "Global revenue of Snap from 2nd quarter 2015 to 1st quarter 2024 (in million U.S. dollars)." Chart. April 25, 2024. Statista. Accessed June 18, 2024. https://www.statista.com/statistics/552694/snapchat-quarterly-revenue/
Snap Inc.. (2024). Global revenue of Snap from 2nd quarter 2015 to 1st quarter 2024 (in million U.S. dollars). Statista. Statista Inc.. Accessed: June 18, 2024. https://www.statista.com/statistics/552694/snapchat-quarterly-revenue/
Snap Inc.. "Global Revenue of Snap from 2nd Quarter 2015 to 1st Quarter 2024 (in Million U.S. Dollars)." Statista, Statista Inc., 25 Apr 2024, https://www.statista.com/statistics/552694/snapchat-quarterly-revenue/
Snap Inc., Global revenue of Snap from 2nd quarter 2015 to 1st quarter 2024 (in million U.S. dollars) Statista, https://www.statista.com/statistics/552694/snapchat-quarterly-revenue/ (last visited June 18, 2024)
Global revenue of Snap from 2nd quarter 2015 to 1st quarter 2024 (in million U.S. dollars) [Graph], Snap Inc., April 25, 2024. [Online]. Available: https://www.statista.com/statistics/552694/snapchat-quarterly-revenue/