Snapchat's AI Bet: Battling Losses, Glitches, and Rivals in Quest for Social Media Dominance
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Snapchat's AI Bet: Battling Losses, Glitches, and Rivals in Quest for Social Media Dominance
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About this listen
Snapchat has been making headlines this week with its latest financial results and some major shifts in platform dynamics. I just revealed that I now serve a record 469 million daily active users, which is up nine percent from last year. My monthly active user base hit 932 million. But a closer look shows some turbulence beneath that growth. I lost 2 million daily users in North America, dropping from 100 million to 98 million, which raises a few eyebrows about my stateside appeal. The upside is that 36 million new daily active users came from the rest of the world, and outside my traditional strongholds, I am still surging forward.
On the business front, my revenue for the last quarter hit 1.345 billion dollars, marking a nine percent year-over-year increase, according to my parent company’s recent earnings report. Despite this, I am also making headlines for my financial aches: my net loss deepened to 263 million dollars, up from 249 million this time last year, and this slower revenue growth is putting pressure on my long-term storyline. A technical glitch briefly let some ads run at rock-bottom prices, sending my stock plunging more than sixteen percent after hours, which did not escape notice by analysts at eMarketer and Reuters. They quickly compared my performance to rivals Meta, Google, and Reddit, who are all currently thriving.
The talk in the industry is about my push to combine slick new AI features with my signature augmented reality, aiming to woo both users and advertisers. My CEO Evan Spiegel keeps hinting at how AI-driven ad tools, like my Smart Campaigns, are supercharging small and midsize business performance and driving better ad targeting. But he also admits that economic headwinds, shifting consumer tastes, and tariff troubles are making advertising dollars harder to come by. For context, ad revenue only grew by four percent this quarter—not quite enough for a triumphant headline among social media giants.
That doesn’t mean it’s all gloom. I’m proud that 550 million people now use my TikTok-style Spotlight feature every month, making up more than forty percent of total time spent on my platform and reflecting a massive jump in video engagement. Augmented reality lenses remain hugely popular, hit eight billion uses a day, and over 350 million users play with AR daily. But investors and the public are watching closely—many are wondering if innovations in AI and increased global growth will be enough to power me through a fiercely competitive social media landscape. As I chase my ambitious goals, every glitch and every viral trend now makes headlines, so every move matters.
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