Snap beats Wall Street estimates for user growth, revenue

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The Snapchat app beat Wall Street estimates for user growth and revenue Thursday as the improved Android version ofDaily active users, a metric closely watched by investors and advertisers, rose inAccording to IBES data from Refinitiv, analysts expected 275.3 million dollars.Snap is attempting to rebuild its Android app that it struggled with technical bugs back in 2018The Apple iOS Android user base now exceeds those on Snapchat for the first time, said theThe revenue from advertising, which Snap mainly generates mainly from advertising, increased in theSnap has invested in augmented reality technology, betting that it can help brands market products like clothesIn March, Snap acquired Fit Analytics, a tech company that helps customers determine whether clothes willAs we look to the future, augmented reality remains one of our biggest opportunities, said SnapSnap's net loss a year earlier narrowed to $286.9 million,

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