Snap's stock slumps 5% after announcing earnings beat — and the loss of 2 million users

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Snap Q3 Daily Active Users 186 million, down 1% QoQ (186.8 million expected)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LIVE: Here comes Snap's Q3 earnings...Snap Q3 Daily Active Users 186 million, down 1% QoQ (186.8 million expected)
Source: BusinessInsider - 🏆 729. / 51 Read more »

Snap continues to lose Snapchat users, but its revenues rose in the third quarter - Los Angeles TimesSnap Inc. reported a slightly smaller third-quarter loss than analysts expected Thursday, on higher revenues. But daily active users of the company’s Snapchat app continued to shrink, by 2 million users from the previous quarter. That’s why they’re losing users. Too much paid content So just like the la times, minus the revenue.
Source: latimes - 🏆 11. / 82 Read more »

LIVE: Snap stock soars 7% after beating on the top and bottom lineSnap Q3 Revenue $297.7 million ($283.36 million expected) I don't think Snap is going to save the day.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Snap stock falls after user base shrinks again but new ad formats gain steamThe social-media company on Thursday posted better-than-expected financial results for its third quarter, but Snap’s daily-active-user count declined once again, in line with analyst expectations.
Source: MarketWatch - 🏆 3. / 97 Read more »

Snap still can’t make a good Android app, and its stock is paying the priceSnap Inc.’s Android relaunch has been in the works for almost a year, and the company still isn’t ready to say when it will be ready for general consumption. Now, some on Wall Street are growing more impatient with the delay and wondering whether the new app will even matter. Maybe also because it can’t make a profit? Just steal the Android instagram app
Source: MarketWatch - 🏆 3. / 97 Read more »