Why Snap CEO Evan Spiegel Believes Revenue Could Skyrocket in the Next 3 Years

Spiegel suggests if Snapchat can add users like it did in 2020, then 50% annual growth could be conservative

Snap CEO Evan Spiegel on Wednesday said the company’s recent declaration that it’s on track for multiple years of at least 50% revenue growth may understate how well Snapchat is positioned.

“The 50% number actually isn’t predicated on any further user growth or any engagement growth,” Spiegel explained during Morgan Stanley’s virtual TMT Conference. “That’s just looking at the steady state opportunity.”

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Sean Burch

Tech reporter • sean.burch@thewrap.com • @SeanB44