Snap reported fiscal 3Q19 revenues of $388 million, up 48% year over year and beating the $322.44 million consensus estimate.
Instagram is Now Augmented Reality’s Biggest Retail Platform
As part of its annual developer conference, Facebook announced a major update to its Spark AR platform at F8: Developers will now be able to create AR content for Messenger and Instagram. The little-discussed expansion would, for the first time, create an outlet to Instagram for third-party developers. With over a billion monthly active users (MAUs), Instagram does not have … Read More
The Snapchat Camera: Will Snap’s Latest Augmented Reality Features Accelerate User & Revenue Growth?
Greenlight Insights will release a new report on the Snapchat platform with the latest on its camera and augmented-related initiatives. For more on the report, view The Snapchat Camera Research Note, or contact hello@greenlightinsights.com to gain access to this report. Snap, the camera and social media company behind ephemeral messaging service Snapchat, held its inaugural Snap Partners Summit in Los … Read More
Snap Turns to Gaming, Mobile Augmented Reality for Platform Expansion
Snap Inc., parent company of Snapchat, announced a new gaming platform that will integrate games into its social platform. Internally dubbed “Project Cognac,” the new platform will open to developers in April. A formal announcement is expected at Snap’s first developer summit on April 4 in Los Angeles. Project Cognac represents Snap’s largest investment in games to date. Snap acquired … Read More
xR at SXSW Interactive 2019
SXSW Interactive 2019 just ended, and virtual and augmented reality (“xR”) were again focal points for the weeklong technology conference and music festival. This year I didn’t have an official SXSW pass – but I still got to enjoy much of the programming, insights, and trends through event, news, and the general buzz that SXSW creates. If you weren’t in … Read More
Snap’s New Lens Studio To Usher New Wave of AR Content
Snap, a leading image messaging and multimedia platform, released its second application this week - and it has everything to do with augmented reality. The company released Lens Studio, an AR content creation app, currently available as a free download for both Mac and Windows computers. Lens Studio is similar to the internal design platform the Venice, CA-based company uses … Read More
How Snapchat’s Evolution to Snap Inc Will Affect AR
Snapchat announced the company’s new name Snap Inc and the expansion of its products to include Spectacles, sunglasses that record a 10-second video. The metamorphosis to Snap Inc comes at a pivotal time where social media empires are becoming competitive with tech corporations. Their release of Spectacles comes at an opportune for the company, as it has surpassed Twitter with 150 … Read More