The above graph represents the worldwide Snap revenue by quarter, starting from fiscal Q1 2016 to the most recent quarter. Snap revenue in Q3 2019 reached an all-time high of $446.2 million, globally, with a whopping 50% YoY growth. On a quarterly basis, the company recorded nearly 15% growth in its revenue during the third quarter.
|Source||Snap Inc. Financial Reports, SEC Filings|
|Last Updated||24 October 2019|
|Note||Snap Inc. Fiscal Year – Jan 01 – December 31|
As the graph shows, the Snap Inc has been registering a record year-over-year growth in its quarterly revenue over the last few years.
In Q1 2016, the global revenue of Snapchat Inc (now known as Snap Inc) was $38.8 billion, which increased to an astonishing 1,254.7% YoY in Q2 2016, totalling $71.8 million.
One must note that it was Q3 2016 when Snapchat quarterly revenue crossed the $100-million mark for the first time. The company posted nearly $128.2 million in revenue, with a massive 666% YoY growth.
About Snap Inc: Additional Information
In the Spring of 2011, Reggie Brown came up with the idea of a disappearing-image messaging app called Picaboo (now known as Snapchat). However, due to the equity distribution issue, Brown later left the company.
In September 2011, the Snapchat app finally went live on the iOS App Store. On October 28, 2012, the company reported over 1 billion snaps being shared on Snapchat app – with over 20 million unique moments shared every day. While on October 29, 2012, the app was made available in the Google Play store for all Android devices.
On September 26, 2016, the name of the company changed from Snapchat Inc. to Snap Inc.
In March 2017, Snap Inc. completed its initial public offerings (IPO), at a price of $17 per share.
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