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Goldman Sachs is predicting Snap will deliver $2 billion in revenue in 2018

Rachael Levy
Updated
Evan Spiegel Snapchat logo
Evan Spiegel Snapchat logo

AP

Evan Spiegel.

Goldman Sachs, one of the lead banks on Snap’s initial public offering, estimates that revenues for the company could hit nearly $2 billion in 2018.

The information was relayed to Business Insider by somebody who had been briefed on the bank’s research estimates. The figures are being cited by Goldman’s sales force when speaking with potential investors, the person said.

Here are the comparisons:

  • 2016 revenues: $404 million

  • 2018 revenues (projected): $1.959 billion

  • 2016 daily average users: 158 million

  • 2018 daily average users (projected): 221 million

More to come…

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The post Goldman Sachs is predicting Snap will deliver $2 billion in revenue in 2018 appeared first on Business Insider.