Snap reports accelerating revenue growth, strong user numbers for first quarter

, Andersen said. Those changes could impact social media companies' ability to target ads to users.

Andersen added that Q1 marked Snap's first ever quarter of free positive cash flow as a public company, which came in at $126 million. That was up $131 million compared to a year prior.reported in February . That figure is up more than 22% compared to the 229 million daily users the company reported a year prior.

Snap CEO Evan Spiegel also announced that Snapchat's Android user base is now larger than its iOS user base. Spiegel called that inversion "a critical milestone that reflects the long-term value of the investment we made to rebuild our Android application." It's also a significant milestone for Snap because it blamed

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