ACCESSWIRE – May 11 – Total revenues of ~$6.7M increased 36% YOY. Subscription revenues increased 41.8% compared to the same period last year. Net loss from operations was ~$1M. Snap has founded an Innovation Lab to support growth initiatives in the live video markets; beta launched 50more, a new dating app targeted at the market of users 50 years and older; and integrated dating functionality into Paltalk to introduce FirstMet membership to video chat users.
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Summarized by the Courtland Brooks team