eNews
Snap Inc names Ajit Mohan chief business officer; reports strong Q4 growth
MUMBAI: Snap Inc has promoted Ajit Mohan to chief business officer, according to its Q4 2024 investor letter released on 4 February 2025. Mohan, who joined the company over two years ago as president of APAC, successfully expanded Snap’s business and presence across the region.
In his new role, Mohan will oversee the company’s global advertising operations, lead its revenue product teams, and drive alignment with partners to accelerate growth. He will be based in New York.
The investor letter highlighted Snap Inc’s continued focus on expanding its community, diversifying revenue, and advancing augmented reality (AR) technology.
Key financial highlights include:
* Daily active users (DAUs): 453 million, up 39 million year-on-year.
* Q4 revenue: $1.56 billion, a 14 per cent year-on-year increase, driven by direct-response (DR) advertising and Snapchat+ subscriptions.
* Profitability: $276 million adjusted EBITDA and $182 million in free cash flow.
* Net income: $9 million.
For 2024, Snap Inc reported $5.36 billion in revenue, marking a 16 per cent annual increase. Direct response advertising revenue also rose by 16 per cent . Snapchat+ subscriber numbers doubled from 7 million to 14 million, contributing to a 131 per cent rise in subscription revenue, which now exceeds an annualised run rate of $500 million.
Snap achieved $509 million in adjusted EBITDA for the year, its fifth consecutive year of positive results, along with $219 million in free cash flow.
Mohan’s appointment signals Snap’s intent to strengthen its global advertising strategy and build on its ongoing financial momentum.
eNews
Piyush Thakur steps down as Inshorts’ chief revenue officer
Former vice president and cro says exit marks a new chapter after close to a decade of building revenue and partnerships at Inshorts Group.
NOIDA: Piyush Thakur has stepped away from Inshorts Group after nearly 10 years with the company, marking the end of a long tenure that culminated in his role as chief revenue officer.
In a farewell note, Thakur said he was “turning a new page” after almost a decade at Inshorts, calling it one of the hardest professional decisions he has made. He added that his exit was not driven by uncertainty about the future, but by reflection on a long association with the company.
Thakur joined Inshorts in October 2016 as vice president and spent around seven years in the role before being elevated to chief revenue officer in April 2024, a position he held until April 2026.
He said his tenure was defined by “thousands of mornings, late nights, product debates and breakthrough moments”, as the company evolved into a large-scale digital news platform used by millions.
In his note, Thakur emphasised that Inshorts’ growth was a collective effort across teams, adding that engineers, designers, sales teams and customer support staff all contributed to building the platform. He said the company’s success was not the result of individuals but of “everyone who stayed, passed through, and left their mark”.
Before Inshorts, Thakur worked across several digital media and business development roles. At ESPN, he served as senior regional manager from October 2015 to October 2016, focusing on growth initiatives, strategic opportunities and video distribution.
At Times Internet, he worked for nearly three years, including as head of business development from April 2015 to September 2015 and chief manager from January 2013 to March 2015. His responsibilities included monetisation of mobile platforms, managing media and developer partnerships, and driving revenue across digital properties such as The Times of India and The Economic Times.
Earlier, he worked at Brandmovers as head of business development from June 2012 to June 2013, handling digital, mobile and social media marketing solutions, client development and strategic consulting. During this period, he also worked on advertising revenue, brand strategy and CRM-based solutions.
At Inshorts, Thakur’s role focused on revenue strategy, mobile and media partnerships, and growth initiatives across platforms. His profile highlights experience in mobile product management, digital business models, partner ecosystems and revenue expansion in high-growth environments.
