Snapchat now weighs $ 50 billion on the stock market the latest news

A record result in the third trimester

If the Covid-19 pandemic has plunged many companies into the red, others have seen their results soaring.This is the case of the Snapchat application which has just announced income of $ 679 million in the third quarter of 2020, an increase of 52% over one year and especially a record for the American group.'Our objective of creating value for our community and our advertising partners gives positive results during this difficult period.We are delighted with the growth of our activity in the third quarter while we continue to invest in the long term for our future, 'said Evan Spiegel, CEO of Snapchat, in a press release.Many advertisers succumb to 'Lenses', augmented reality tools to virtually try clothes or test shades of lipstick.A precious help for marks with the closure of physical shops linked to the pandemic.

A number of active users increasing

Snapchat also experienced a very clear increase in its number of active users in the third quarter 2020.According to figures communicated by the group, there are now 249 million, 11 million more than in the second quarter.Average income per user amounts to $ 2.73.These excellent results allowed Snapchat's action to fly 30% to Wall Street on October 21, thus bringing the company's market capitalization to $ 54 billion, that is to say its highest result since its IPOIn March 2017