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Snap restarts user growth with original shows, Android overhaul

Updated : April 24, 2019 06:34 AM IST

Snap said on Tuesday that the number of daily active Snapchat users rose to 190 million in the first quarter from 186 million in the prior period, but remained below the 191 million it had a year earlier.
Shares of the company, which rose 12 percent immediately after the results, gave up most of their gains to trade up marginally at $12.26 in after-market trading. They have more than doubled in value so far this year.
In an effort to increase how much time users spend on the app, Snap, which faces stiff competition from Facebook's Instagram, launched more than 50 shows and publisher stories in international markets alone during the reported quarter.
Snap restarts user growth with original shows, Android overhaul

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