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Dubai News Club > Tech > Snap’s business is showing signs of life
Tech

Snap’s business is showing signs of life

Press Room
Last updated: 2023/10/24
Press Room
Published: October 24, 2023
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Snap’s business has been on life support for a while now, with Apple’s ad tracking changes on iOS, competition from TikTok, and a combination of other factors leading to a collapse in its revenue growth. 

That said, all is not lost: based on the third quarter earnings results that Snap announced on Tuesday, its ads business appears to finally be on the upswing. Total revenue grew to nearly $1.2 billion, an increase of 5 percent from the same time last year. Snap is still a money-losing…

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