Snap sees drop in active users in Q2, revenues still up 44%

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(Telecompaper) Snap reduced its losses and grew revenues in the second quarter but showed a drop in users of its app Snapchat. Daily active users totaled 188 million in Q2, up 8 percent from a year earlier but 2 percent less than in Q1 this year. Average revenue per user increased 34 percent year-on-year to USD 1.40, and total revenues rose 44 percent to USD 262 million.
Source: Industry News (syndicated from Telecompaper.com)

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