Snap Grows Paid Subscriptions But Quarterly Losses Keep Up Amid “Significant Headwinds”

Snap Inc. brought in $1.3 billion revenue and reported net losses amounting to $288 million to close out 2022 as it prepares for a worsening economy impacting its business. “We continue to face significant headwinds as we look to accelerate revenue growth, and we are making progress driving improved return on investment for advertisers and innovating […]