Snap Inc sees 21% jump in rev for Q1

Snap’s current revenue stands at $1.2 billion; number of daily active users 422 million

Snap Inc has posted a 21 per cent increase in revenue in the first quarter when compared to the same quarter last year. The current revenue stands at $1.2 billion.

The company has said it is expecting a revenue of nearly $1.26 billion in the next quater.

The number of daily active users of Snap stands at 422 million. It was expecting to have 431 million users by the second quarter.