Author: Seth Colaner / Source: VentureBeat
In its Q1 2019 earnings report today, Snap had lots of good news for investors, from increased users to significant revenue growth.
The camera company has not only halted the quarters-long trend of losing daily active users (DAUs), it’s increased that number 2% since its Q4 2018 report, to 190 million DAUs. That’s still shy of its peak 191 million DAUs from Q1 2018, but it’s positive progress for the company, at least.
According to Snap, that number reflects deep saturation of the market, with 90% of all 13-24 year-olds and 75% of all 13-34 year-olds in the U.S. using Snapchat.But there’s a larger global market to attack, which the company hopes to achieve with its redesigned Android app. The new version started rolling out earlier this month, but became broadly…
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