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Snap hit $1B annual direct revenue, driven by 25M+ subscribers and new creator earnings feature.
Snap reported its direct revenue has reached an annualized $1 billion, fueled by over 25 million subscribers across Snapchat+ and other paid services like Memories and in-app purchases.
The company is expanding its subscription model with a new feature launching February 23 that lets creators earn recurring income from fans.
While daily active users rose 5% to 474 million, they declined by 3 million from the prior quarter.
Snap also launched Specs, a new AR smart glasses subsidiary, to enter the wearable tech market.
Total active advertisers grew 28% in the fourth quarter.
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Snap alcanzó los $ 1 mil millones en ingresos directos anuales, impulsados por más de 25 millones de suscriptores y una nueva función de ganancias para creadores.