They make money from advertising to end users. They have consecutive quarterly growth and are at an all time high for DAU: https://www.statista.com/statistics/

They make money from advertising to end users. They have consecutive quarterly growth and are at an all time high for DAU: https://www.statista.com/statistics/545967/snapchat-app-dau/ https://www.statista.com/statistics/545967/snapchat-app-dau/