Snapchat adds four million new users in Q1 2019, beats revenue estimates

San Francisco: Photo-messaging app Snapchat added four million new users in the first quarter of 2019, registering a revenue of $320 million — up 39 per cent (year-over-year) — thus beating the Wall Street estimates.
Snapchat’s daily active users (DAUs) were 190 million — up two per cent from 186 million in the previous quarter but down from 191 million in Q1 2018.
“In the first quarter we delivered strong results across our business with growth in daily active users and revenue,” CEO Evan Spiegel said in a statement late on Tuesday.
“Our new Android application is available to everyone, with promising early results,” he added.