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

Rachael LevyFeb 21, 2017, 23:56 IST

Evan Spiegel.AP

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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