Global marketsUpdated November 4

Subscriptions drive most of Snap's revenue growth as ads rise 4%.

Snap’s revenue rose 14% to $1.7 billion, but the ad business wasn’t doing the heavy lifting. The Information reports that subscriptions drove most of the increase, while advertising revenue grew just 4% in the quarter. Most of the growth in the bigger revenue figure came from beyond ads.

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Coverage started November 4