Snapchat Has Lost 3 Million Daily Users in the Past 3 Months

The first time the user number has ever fallen.

By
Tech
32,465 Hypes 39 Comments

With Snapchat‘s parent company Snap Inc. announcing its results for the second quarter of 2018, the platform has posted some potentially worrying figures. The quarterly earnings report reveals the number of daily active users has fallen from 191 million in the first quarter to 188 million. This 3 million drop — making up around 2% of users — is the first time that user count has fallen in the company’s entire history.

While this fall isn’t good for the company, it isn’t all bad. Daily active users are still 8% higher than this time last year and the company’s revenue is up to $262 million USD, 44% up from last year and 11.9% up from last quarter. Similarly, Snap’s operating loss off $353 million USD has decreased by 20% year-on-year.

In other tech news, take a look at a leaked larger iPhone X.

Read Full Article
Source
Engadget

Join Our Discussions on Discord

The HYPEBEAST Discord Server is a community where conversations on cultural topics can be taken further.

101 Users Online

What to Read Next

PUBG Developer Admits PUBG Is Broken
Gaming

PUBG Developer Admits PUBG Is Broken

Launches a Website Called “Fix PUBG.”

AUXILIARY Launches Toned-Down Chunky Sneaker With "Vol. 1" Lookbook
Footwear

AUXILIARY Launches Toned-Down Chunky Sneaker With "Vol. 1" Lookbook

Office ready.

Reebok Continues Its Retro Releases With the DMX 1200 Low
Footwear

Reebok Continues Its Retro Releases With the DMX 1200 Low

Another ’90s-inspired footwear option.


Tighe Architecture’s Hollywood Hills House Brings Modernity to the Hillside
Design

Tighe Architecture’s Hollywood Hills House Brings Modernity to the Hillside

Designed to compliment its location.

A Closer Look at the adidas UltraBOOST 4.0 LTD “Cloud White/Silver”
Footwear

A Closer Look at the adidas UltraBOOST 4.0 LTD “Cloud White/Silver”

Icy.

Playboi Carti Reveals Asthma Diagnosis: "We Must Stay Strong"
Music

Playboi Carti Reveals Asthma Diagnosis: "We Must Stay Strong"

The “Die Lit” rapper reveals that he is scared to sleep on his back.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.

Help Support Us

We need ads to keep the lights on and to continue providing free news to our readers. We’d appreciate your support by whitelisting HYPEBEAST on your ad blocker. That way you can keep reading all the great stories for free.

If you have already whitelisted us, simply refresh this page. To find out how to whitelist us, click the button below.

Back

Add Us to Whitelist

We appreciate your support in allowing HYPEBEAST ads. Most ad blockers have similar whitelisting steps and settings. If you need assistance, please contact us.

Adblock Plus

  1. Click on the red ABP icon in the upper right corner of your browser.
  2. Click “Enabled on this site” to disable ad blocking for the current site. In Firefox click “disable on HYPEBEAST”.
  3. Refresh the HYPEBEAST page that you were viewing.

Adblock

  1. Click the AdBlock hand icon.
  2. Click “Don’t run on pages on this domain”.
  3. A new “Don’t run AdBlock on…” dialog may be displayed in the middle of the screen.
  4. Move the “Site” slider to the right. After that, click “Exclude”.
  5. Refresh the HYPEBEAST page that you were viewing.

uBlock

  1. Click the uBlock icon.
  2. Click the large blue “power” button in the menu that appears to whitelist the current website.
  3. Reload the HYPEBEAST page that you were viewing.

Firefox Browser

Firefox Tracking Protection may activate our whitelist notice, which can be disabled temporarily for a browsing session by clicking the shield icon in the URL bar and following the instructions.

Disconnect

  1. Click the Disconnect icon.
  2. Click “Whitelist site”.
  3. Refresh the HYPEBEAST page that you were viewing.