BUZZ-Snap rises after direct-revenue business reaches $1 billion annualized revenue run rate ** Snap's SNAP.N shares rise 3.2% to $4.89
** SNAP on track for biggest daily percentage gain since January 22
** Co says its direct-revenue business has reached $1 billion in annualized revenue run rate
** Adds total subscriber count has surpassed 25 million
** SNAP's direct-revenue business spans Snapchat+, the Memories photo and video archive tool and in-app purchases
** Average rating of 45 analysts covering SNAP is "hold"; median PT is $8 - data compiled by LSEG
** SNAP down 39.8% YTD vs. NASDAQ Composite Index's .IXIC 1.7% decrease
(Reporting by Chibuike Oguh in New York)
((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))
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