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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/04\/19\/snapchat-subscription-now-has-more-than-3-million-users\/<\/a><\/br> Snap said today that its Snapchat+ paid plan has more than 3 million users. At its Snap Partner Summit event, the company added that in the coming days, Verizon users will have the option to buy Snapchat+ subscriptions through the carrier\u2019s subscription store called +play.<\/p>\n The company launched the paid tier last June and expanded to multiple regions in the following months. Snap reached the 1 million subscriber mark<\/a> last August and the 2 million subscriber mark in February<\/a> indicating steady growth.<\/p>\n And yet, 3 million subscribers still represent less than 1% of the 375 million daily active users on the platform<\/a>.<\/p>\n Snapchat has added a number of new features in the past few months like custom notification sounds, story expiration controls<\/a>,\u00a0customizable chat wallpapers and a plan gifting option<\/a>. It has also promised that it will allow paid users to freeze their Snap Streaks.<\/p>\n The company has additionally focused on bringing generative AI features to subscribers. In February, it launched My AI chatbot for Snapchat+ users<\/a>. Following complaints about the bot posting inappropriate responses, the company announced new safety tools around the AI bot earlier this month<\/a>. In the past few weeks, Snap has also introduced a feature that lets subscribers generate a background through text prompts.<\/p>\n As the company is making My AI bot available to all Snapchat users, it said that Snapchat+ users will later this year gain a feature where the bot will reply to them with a visual Snap \u2014 essentially generating an image based on the conversation.<\/p>\n The company has earned $80 million through in-app purchases \u2014 this figure also includes an estimated $1 million on other purchases like filters \u2014 since the launch of Snapchat+, according to Abe Yousef, senior insights analyst at Sensor Tower. Yousef noted that 57% of Snapchat+ subscribers are based out of the U.S., 10% of them are from the U.K. and 5% each from Saudi Arabia, Australia and Canada.<\/p>\n For comparison, Snap posted an annual revenue of $4.6 billion in 2022<\/a>. So, at the moment, subscriptions represent a fraction of the company\u2019s earnings.<\/p>\n With the addition of Snapchat+ to Verizon\u2019s +play store, Verizon customers will get three months of the subscription service for free when they sign up. Snap\u2019s service is the first of its kind on +play, which largely focuses on streaming service subscriptions. The store now offers services from over 30 other partners across streaming, entertainment, lifestyle and education services.<\/p>\n +play is available to all Verizon mobile, 5G Home and LTE Home Internet customers.<\/p>\n
\nSnapchat+ subscription now has more than 3 million users<\/br>
\n2023-04-19 21:49:34<\/br><\/p>\n