Snap is on a mission to diversify its revenue sources—moving from a business model in which it largely chases ad revenue to one where it can also make money through subscriptions and, eventually, hardware . The company’s latest quarterly earnings report shows that, so far, the firm is having moderate success with that strategy. In Q4, Snap’s revenue was $1.7 billion , which is up 10% year-over-year. Its average revenue per user was also up, slightly (to $3.62 from $3.44). The company’s net