The above graph represents the worldwide Snap revenue by quarter, starting from fiscal Q1 2015 to the recently completed quarter. Snap revenue in Q2 2020 increased an appreciable 17% YoY, to $454.16 million, worldwide. On a quarterly basis, the company recorded nearly 1.8% QoQ decline in its June quarter revenue.
It is important to note that Snap’s global revenue reached an all-time high of $560.89 million in Q4 2019, with a whopping 44% YoY growth.
Growth in Snap Quarterly Revenue: History
|Source||Snap Inc. Financial Reports, SEC Filings|
|Note||Snap Inc. fiscal year starts from January 1st|
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.
Snap Inc. achieved another big revenue milestone in Q4 2019; the global revenue of Snap surpassed $500 million for the first time since inception.
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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