SAN FRANCISCO (Diya TV) — Snapchat has already committed to spending $2 billion on Google could infrastructure over the next five years, the company revealed Thursday in an amended filing that it expects to spend another $1 billion on cloud services from Amazon during the same time span.
The company did clarify that it may choose to build its own infrastructure in the future.
Snapchat’s current agreement with Amazon will see the social media giant spend $50 million this year, that figure is set to increase in subsequent years until it reaches $350 million in 2021.
The amended filing was first reported by Recode and Reuters, both reports cited the sizable agreement between Snapchat and Google, and how Snap is committed to using Google’s infrastructure for the vast majority of its business, including computing, storage, bandwidth, and other services. However, the agreement with Amazon indicates Snapchat will not be restricted by a single cloud provider moving forward.
Also included in the filing were more details about how Snapchat sees the broader competitive landscape around the world. The filing noted that users outside of North America and Europe tend to consume the company’s content more than they create it. These users instead will spend more time watching stories, instead of sending snaps and chats, the company said.
The amended filing was published a week after the company’s IPO registration, where the company is looking to raise $3 billion.
