![Snap's revenue surged 42 per cent on an annual basis to $1.3 billion in the fourth quarter. Reuters](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/LSNM5WMDTLX4BS7MLRDAFZ3IC4.jpg?smart=true&auth=f6fba4bd87ce05a90a74f9999321f37a016e3b5a7e54bd254e09bfa7b498dfde&width=400&height=225)
Snap's revenue surged 42 per cent on an annual basis to $1.3 billion in the fourth quarter. Reuters
Snap's revenue surged 42 per cent on an annual basis to $1.3 billion in the fourth quarter. Reuters
Snap shares jumps 57% on first ever quarterly profit
The company, which owns social media platform Snapchat, recorded a net profit of $22.5m in the October-December period