Snapchat has bounced back from a coronavirus (COVID-19) induced slowdown, according to company reports.
The platform saw advertising revenue growth slow to its lowest level ever in Q2 2020, rising 17.0% against the previous year. However, advertising revenue grew 52.1% to $679m in Q3. This was well above the previous high of $561m (Q4 2019) and the second quickest rate of increase in the last two and a half years.
Snapchat benefitted from the Facebook #StopHateForProfit boycott, stating that "our sales teams were able to hold many productive C-level conversations to discuss our brand safety positioning and privacy-by-design...