Snap worldwide quarterly revenue 2015-2022

In the fourth quarter of 2022, Snap generated close to 1.3 billion U.S. dollars in revenue, up from 1.1 billion in the third quarter of 2022. The final quarter of 2022 saw Snap's highest ever quarterly revenue, and 2022 saw the company's highest ever annual 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.

Snapchat usage

As of the second quarter of 2021, the social photo sharing app had 293 million daily active users worldwide, with United States hosting the platform's biggest audience. In fall 2020, Snapchat was still the 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.