CNN MONEY -- Apr 21 -- SNAP announced revenues in excess of $518,000 in the first quarter of 2008. This is compared to revenues of approximately $388,000 in the fourth quarter in 2007. The increase in revenue is attributed to the continued growth and popularity of SNAP's social networking applications. SNAP's dating applications averaged over 1m visits per day in the 1st quarter of 2008 and combine for over 11m installations.
The full article was originally published at CNN Money, but is no longer available.
An interesting article but I'm surprised it's got any coverage - I would have thought they'd be generating a lot more revenue than that given they say they're receiving 1million visits per day.
We've got individual partners - one man bands - that have generated more revenue.
Same old story in the media though - what is trendy makes headlines rather than what makes money :)
Posted by: Ross Williams | Apr 23, 2008 at 04:32 AM