Snapchat: more members, less revenue

Snapchat has released its quarterly results. The app now has 363 million daily active users, 16 million more in three months, but they are generating increasingly low revenue for the struggling social network. Revenue per user, a key metric for social media, came in at $3.11, its lowest level since early 2021. The app claims it gained users in all regions of the world, including North America and Europe, where some competitors are facing the beginning of saturation.