Posting its first quarterly earnings since going public, Snap Inc. reported that its daily active user base grew to 166 million in Q1. That’s an increase of 36% over year-ago levels but only a 5% gain from the previous quarter.
Snap defines a daily active user (DAU) as a registered Snapchat user who opens the app at least once during a defined 24-hour period.
In North America, Snap said it added 3 million daily users in Q1, reaching 71 million DAUs.
