SNAP Interactive Reports Record Quarterly Revenue

SNAP Interactive must be pleased with its decision to move to a subscription model, after reporting its biggest ever quarterly revenue. The company, which has more than 25 million installations of its online dating applications on Facebook, recorded $1.24 million in revenue for the three months ending June 30, 2010.

SNAP, one of the few publicly listed companies in the social media space, recorded revenue of $784,242 in the same quarter of 2009, making it a 58% rise year on year.