While the coronavirus pandemic has hit the ad industry hard, Snap seems to be navigating it just fine. Snapchat app added 11 million new users, according to its third-quarter earnings report, bringing its total daily active users up to 249 million. More impressively, the company reported $679 million in revenue, an increase of more than 50 percent from last year, and well ahead of analyst expectations.
Snap earnings are out: Snapchat added 11 million new users this quarter pic.twitter.com/tUXzKPqwEd
— Karissa Bell (@karissabe) October 20, 2020
Snap again credited its Android app, which was rebuilt last year to boost Snapchat’s international growth, and its