Daily active users of Snapchat 2014-2020, by region
As of the third quarter of 2020, Snapchat had 90 million daily active users in North America and 72 million DAU in Europe. During the latest reported period, the photo and video sharing app claimed 249 million daily active users worldwide.
Snapchat usage Snapchat is one of the most popular social networks worldwide. In 2019, there were almost 293 million monthly Snapchat users worldwide. Snapchat’s U.S. audience is projected decline to 86.1 million users in 2022 with annual user growth flatlining around 0.5 percent per year.
Snapchat company While Snapchat’s annual company revenue grew to 1.7 billion U.S. dollars in 2019, the company has yet to report a positive net income. In the most recently reported fiscal year, Snapchat’s net loss amounted to one billion U.S. dollars, highlighting the company’s struggle to monetize their predominantly young user base. As stated in their latest annual report, Snapchat’s user base may be less brand loyal and more likely to follow trends than other demographics, including switching to another product. The company is also fully dependent on advertising revenues and relies on third-party services for application infrastructure services. Subsequently, Snapchat’s research and development spending focuses on product development, advertising technology and large-scale infrastructure. In 2019, the company’s R&D expenditure amounted to 883.5 million U.S. dollars.
Snapchat usage Snapchat is one of the most popular social networks worldwide. In 2019, there were almost 293 million monthly Snapchat users worldwide. Snapchat’s U.S. audience is projected decline to 86.1 million users in 2022 with annual user growth flatlining around 0.5 percent per year.
Snapchat company While Snapchat’s annual company revenue grew to 1.7 billion U.S. dollars in 2019, the company has yet to report a positive net income. In the most recently reported fiscal year, Snapchat’s net loss amounted to one billion U.S. dollars, highlighting the company’s struggle to monetize their predominantly young user base. As stated in their latest annual report, Snapchat’s user base may be less brand loyal and more likely to follow trends than other demographics, including switching to another product. The company is also fully dependent on advertising revenues and relies on third-party services for application infrastructure services. Subsequently, Snapchat’s research and development spending focuses on product development, advertising technology and large-scale infrastructure. In 2019, the company’s R&D expenditure amounted to 883.5 million U.S. dollars.
