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Snapchat Adds 37M Active Users, Plans 2025 Launch for Revamped “Simple” App

Snap Inc. says that its Snapchat app added 37 million daily active users in its third quarter, giving it 443 million total, and that time spent watching content rose by 25 percent year over year. Revenue was $1.37 billion, up 15 percent year over year, while the company posted a net loss of $153 million, a significant improvement compared to a year earlier, when its losses were over $368 million. “I’m proud of the team’s progress this quarter, delivering strong community growth and deepening eng...

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