Snap's (NYSE:SNAP) subscription service has reached 4 million paid subscribers in its first year, according to a report from Axios on Thursday.
The publication said the company will announce the subscription number for Snapchat+ today.
Snapchat+ was released in June 2022 to offer loyal users access to experimental and pre-released features, gaining over one million users two months after launching. Snapchat has added further features to the service since its launch.
Axios said Snapchat is planning to roll out further features to Snapchat+ subscribers in the coming weeks. One of the new features is said to be "expressive" chat messages that let users match their text with bigger fonts to show more emotion and custom chat colors.
SNAP shares are up over 1% at the time of writing.