For Snapchat lovers

Snapchat Downloads Calm Fears That 'Face Swap' Pop Was A Blip

Snap should continue to see growth in the critical metric of daily active users, according to analysts who analysed the latest data on downloads for the social-media company's Snapchat app. The data helps to support the thesis that a recent uptrend in user engagement could be lasting.

Guggenheim wrote that SimilarWeb's August data showed "relatively stronger DAU growth" for Snapchat compared with other social media sites. Snapchat's quarter-to-date growth of 3.2 percent among Android users outpaced Pinterest's 2 percent growth, as well as the 0.5 percent increase seen at both Facebook and Instagram, according to the Wall Street firm, which has a neutral rating on Snap. Both Facebook and Instagram - which is also owned by Facebook - have much larger user bases than Snapchat.

Snap had 203 million daily active users in its second quarter, up from 190 million in the first quarter, and 188 million in the second quarter of 2018. Daily active users are expected to grow to 205.8 million in the third quarter, according to Bloomberg MODL estimates.

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