Snapchat’s Third Quarter Brings Big Gains

210 million daily active users and $446 million in earnings

Money and the Snapchat logo
The company was up 50% year-over-year in earnings. Sources: Snap, Getty Images

A few months ago, Snapchat CEO Evan Spiegel said the key to raising his company’s stock was beefing up marketing budgets while also beefing up the number of Snapchatters on the platform. And it appears the company was able to pull both things off, according to its third-quarter earnings report released today.

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@swodinsky Shoshana Wodinsky is Adweek's platforms reporter, where she covers the financial and societal impacts of major social networks. She was previously a tech reporter for The Verge and NBC News.