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flag Snap hit $1B annual direct revenue, driven by 25M+ subscribers and new creator earnings feature.

flag 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. flag The company is expanding its subscription model with a new feature launching February 23 that lets creators earn recurring income from fans. flag While daily active users rose 5% to 474 million, they declined by 3 million from the prior quarter. flag Snap also launched Specs, a new AR smart glasses subsidiary, to enter the wearable tech market. flag Total active advertisers grew 28% in the fourth quarter.

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