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

Advertisement

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.

Advertisement

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:

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
  • 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...

Get the latest Goldman Sachs stock price here.

Advertisement