![]() In the second quarter of 2019 alone, Snapchat gained $388.02 million in revenue shedding light on the fact that it may break its record for Q2 2018 which was 262.26 million. Snapchat Reported Having Produced $388.02 Million in Q2 2019 Snapchat’s annual revenue statistics show that in 2018, it gained $1.2 billion as revenue, breaking all the previous records and witnessing a year-over-year increase amount to an even bigger revenue amount for 2019. Snapchat’s Revenue for 2018 was $1.2 Billion It is noteworthy that the company has seen many vicissitudes in the past couple of years, but has managed to stand its ground strong. Snapchat statistics for 2019 show that as of September 2019, the total net worth of Snapchat was estimated at $3.5 billion. Snapchat’s Total Valuation is US$3.5 Billion What is more, it was so inspiring for Google that it also introduced its Snapchat-inspired feature into the search engine. Mostly, it is the celebrities and bloggers who post pictures on Discover. This was an instant hit among the users as it allowed them to browse through the pictures and videos of other people who have shared them for the general public. Discoverĭiscover is said to have been the first feature to establish a Snapchat monetization model. This was an added reason for the users to spend more time on Snapchat and be able to do other things besides sharing photos and videos. It allows the users to see the latest news and new trends in the form of snaps in the Snapchat stories. Snap Map became instantly famous among the Snapchatters. One such example is the renowned Face app. Many other applications have also come forth using these two technologies to their benefit, but couldn’t compete with Snapchat. Snapchat uses the perfect amalgamation of Artificial Intelligence and Machine learning into the application for implementing face filters. If you are also planning to develop an app like Snapchat and what to know its cost, then you should know that filter is the one feature that you should include which would contribute to the final cost. There are some other iconic filters such as the ‘dog face’ filter that adds up to making the Snapchat app favorite of all. For example, if you are in New York or at a particular monument, you will find a sticker or filter related to that place to add to your photos. Geofilters are the stickers that show up on the app when the device is at a particular location. Geofilters were first used by Snapchat that amazed the users. It promoted a more authentic and realistic photo trend that was adopted with open arms by users. Just when users desperately wanted an escape from all the posed and edited picture trends on other social media apps, Snapchat gave them the facility to share their casual everyday photos in a chat that would disappear after 24 hours. It is definitely the primary reason for promoting the unprecedented popularity of Snapchat initially. People loved it so much that Facebook saw it imperative to include this feature on Facebook, Instagram, and Whatsapp app. This feature allows the user to share their videos and stories for their friends and the public to see, which disappears after 24 hours of posting. This feature of Snapchat was a trendsetter that users loved to bits. Snapchat stories were a catalyst in revolutionizing social media app development. Similarly, Snapchat has its own set of original features that helped it achieve the stature that it holds in the social media domain. Timeline of Snapchatįeatures of Snapchat : Reason for its successĬertainly, it is the features of social media applications that make them go viral worldwide. If you have wondered for so long “what is the future of Snapchat?” then, let us put your mind at ease and take through Snapchat statistics for 2019 and beyond advocating its bright future.īut before we jump into that, why not just take out a few minutes and discuss what enabled Snapchat to become such an inspiring and famed application. To counteract, Facebook also launched an app called Poke to give a hard time to this budding loved-by-people photo-chatting app. No one anticipated that the application would come at a stage where Facebook would feel threatened by it. So, they ideated an application and named it ‘Picaboo’ which later came to be known as ‘Snapchat’. Just like the teenagers of this digital age, they wanted to find shortcuts and innovative ways to share photos and videos in a way that was not explored yet. Though the birth of the idea happened in the mind of Reggie Brown, the journey of Snapchat began in the living room of Evan Siegel in September 2011. ![]() Clearly, they did not expect Snapchat to blow their minds. People couldn’t have been more wrong when they thought they have seen it all with Facebook, Instagram, and WhatsApp.
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