![]() In addition to the strong adoption of AR Lenses, the Discover content and Shows are expected to have driven user growth. In the fourth quarter, Snap announced its fifth Lens Fest, a multi-day global virtual event exploring new dimensions of AR and celebrating the lens creator community that shapes the future of AR. With these recent launches, Snap has been democratizing its AR tools that are likely to drive user growth. The new Snapchat try-on Lenses feature thousands of Amazon Fashion’s popular VTO eyewear products, enabling Amazon brands to leverage their Amazon AR assets and showcase styles in a fun, interactive experience to millions of Snapchatters. In the to-be-reported quarter, Snap announced partnership with Amazon AMZN Fashion partner to bring millions of Snapchatters new virtual try-on (VTO) experiences, expanding augmented reality (AR) for both brands and customers. SNAP has been focused on continuously adding innovative features like Lens Studio 2.0, Camera Kit, Snap Minis and Bitmoji for games, making Snapchat more attractive for users and advertisers. The Custom Camera Color Borders feature lets users cast their favorite hue on screen while capturing content. The new Custom Notification Sound lets users set different tones for different friends. This feature sets Snaps on your story to expire after one hour or up to one week. On Oct 20, Snap announced new features for its premium subscription service, Snapchat+, including Custom Story Expiration. The Snapchat+ subscription service, with exclusive, experimental and pre-release features, reached more than 1.5 million paying subscribers in the third quarter and is now offered in 170 plus countries. Moreover, Snapchat+ premium subscription service has gathered initial success, which is expected to have aided top-line growth. The Zacks Consensus Estimate for fourth-quarter global DAUs is currently pegged at 376 million, indicating growth of 17.9% from the year-ago quarter level. DAUs at the end of the third quarter were 363 million, up 18.6% year over year. In the third quarter, Snapchat’s subscriber growth, reflected by DAUs, increased 57 million on a year-over-year basis. The growing adoption of Snapchat among the Gen Z (13-24 years) population is expected to have driven Daily Active Users (DAUs), thus expanding the company’s advertiser base. ![]() Snap has been benefiting from a spike in the usage of Snapchat. With your consent, you confirm that you have received and understood the above information and that you are informed about the stock exchange regulations ( Inc. For example, with regard to the rights and obligations associated with the security, such as participation rights, dividend or tax treatment or delivery and custody of the securities, as well as the amount of information available to investors. If the issuer (the traded company) approves or requests admission of the financial instrument to trading, insider information and managers' transactions must be published and insider lists maintained.įinancial instruments of foreign companies may differ from those of domestic companies. However, most of the provisions of the EU Market Abuse Regulation (MAR) apply, in any case the prohibition of insider trading and market manipulation. The following securities are listed on a market in which the EU regulations and the issuer obligations under stock exchange law for regulated markets, in particular with regard to information obligations, do not apply in full. Particularly younger and smaller enterprises can experience higher price fluctuations and often have less information available. As an investor, you have to inform yourself and weigh up the chances of value increases and risks, up to total loss. The fact that a company can be traded on the stock exchange does not guarantee the success of the investment. The following information does not constitute an investment advice or an invitation to purchase or trade securities. The level of prices is decided solely by the investors with their buy and sell orders. The task of the stock exchange is to provide an infrastructure for the trading of financial instruments.
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