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Snap expects ad platform to drive annual sales growth of over 50% for many years

Published 02/23/2021, 01:56 PM
Updated 02/23/2021, 02:00 PM
© Reuters. A logo of Snap is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York
SNAP
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(Reuters) - Snap Inc (NYSE:SNAP)'s self-serve advertising platform can drive multiple years of over 50% annual revenue growth, its product chief said on Tuesday.

© Reuters. A logo of Snap is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York

Shares of the social media firm were up nearly 4% in afternoon trading.

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