Twitter, by comparison, is estimated to have less than 140 million active daily users, the report said. Bloomberg used an average of analysts' estimates to make the comparison.
Snapchat, which had 110 million daily users in December, is seeing its user base rise because of its popularity with young people, according to Bloomberg, which cited people familiar with the matter.
Snapchat didn't immediately respond to requests for comment. Twitter declined to comment on the report.
Twitter, which has 310 million monthly active users, doesn't disclose how many users check in daily. But the social network reported during the second-quarter last year that roughly 44 percent of its monthly users are active each day in the platform's top 20 markets.