Updated Snapchat for Android is noticeably faster

Updated Snapchat for Android offers much better performance while improving existing features. In early April, Snap started to implement its application for Android. The application was built from scratch and contains, among other refreshed lenticular overlays that were once a recognizable sign of this social network. The company has announced that its new application for the Google system platform would be about 25%. smaller, at the same time opening 20 percent. faster than before. Snapchat was designed with the help of modules allowing the company to quickly add new items in addition to customer service updates.

Snap expects revenue growth of 28%. up to 37 percent in the current, second quarter of the year.

By tapping the "Discover" icon in the lower right corner of the app, you can view stories of your friends and celebrity and media partner authenticated advertising material. Snap reported that during the first quarter of 2019, nearly half of the users in the application were using this feature, daily reviewing the content that was found there. Fifty new programs and publishing projects were launched during the reporting period, and in the last six months Snapa's media partners have doubled.

Snapchacie, why are you losing users and money?

During the first week of the release of the new version of Snapchat, 6% was recorded. increase in the popularity of the service among the economic device users. On the financial side, during the first quarter of this year. sales revenues increased by 39%. compared to the same period of 2018, reaching a result of $ 320 million. The company's consolidated net loss increased from $ 385 million in the first quarter of 2018 to $ 310 million in the same period of 2019. Snap expects an increase in revenues of 28%. up to 37 percent in the second quarter of the year. This would give gross revenues of about $ 335 million.

Source: Phonearena