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Snapchat user ‘Stories’ fuel 10b daily video views

SAN FRANCISCO — The majority of people using Snapchat Inc’s application are making videos, fuelling a boom in watching them, the company is telling its investors.

SAN FRANCISCO — The majority of people using Snapchat Inc’s application are making videos, fuelling a boom in watching them, the company is telling its investors.

More than a third of Snapchat’s daily users create “Stories”, broadcasting photos and videos from their lives that last 24 hours, according to people familiar with the matter. Now users are watching 10 billion videos a day on the application, up from 8 billion in February. Snapchat confirmed the number of video views.

Snapchat is sharing the new Stories statistic with investors to help explain that its app is focused on serving people who create and broadcast content, not just consume it. The first screen of the app is a camera, prompting users to share what they are seeing or doing. Users can decide whether to send their snap directly to friends, where it disappears after it is watched, or post it to their Snapchat Story, where it can be viewed for 24 hours by a broader audience.

That design gives the company an edge in a market where Facebook Inc is building a business quickly. The social networking leader, with 1.65 billion users, started making live video a priority this year, prompting people to create and share their experiences.

Facebook has also said it may be willing to pay for live content.

Creating Conversations

On Snapchat, “conversations are not only including a photo or video, but are being started by them”, said Mr Robert Peck, an analyst at SunTrust Robinson Humphrey, in a report this week. “People’s behaviour is changing, so that photos are being used as speech instead of a repository for memories.”

Facebook and Twitter Inc do not release statistics on what percentage of their users broadcast a day, instead focusing on metrics about visitors and time spent. Facebook last Wednesday said the average user spends 50 minutes a day on its apps, not including WhatsApp. As of February, people are sharing and creating three times more video than they were a year ago on Facebook, said the company.

Facebook last disclosed its daily video views in November, saying it had 8 billion. But the companies measure differently. On Facebook, videos auto-play and views are counted after three seconds. On Snapchat, a view is counted as soon as someone starts watching a snap.

Snapchat, which last raised money at a US$16 billion (S$21 billion) valuation, has more than 100 million daily users who spend an average of 25 to 30 minutes on the app each day, said CEO Evan Spiegel to bankers in February. About 60 per cent of the daily users send content to friends or their Stories. BLOOMBERG

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