Snap Revenue Surges 72% on User Growth, Advertising Gains
07 February, 2018, 02:04 | Author: Larry Hoffman
Snapchat's parent company, easily just posted its best quarter since going public previous year, blowing past revenue and user growth estimates when the company reported its Q4 earnings on Tuesday. Snap reported a net loss of $350 million for the quarter.
Snap posted losses of $0.13 per share on $285.7 million in revenue versus expectations of a $0.16 per share loss on $252.95 million in revenue.
Analysts at Raymond James predict Snap's stock-based compensation this year will be $900 million, with the number falling to $850 million in 2019. Daily active users grew by 8.9 million during the quarter to 187 million.
Zverev Beats Kyrgios To Lead Germany Into QFs
Kyrgios appeared to be struggling with a right elbow ailment, taking a time-out for treatment while leading 4-3 in the second set. Kyrgios - who had won six of his past seven rubbers - now has a 9-6 Cup singles record while Zverev improved his tally to 3-4.
But shares began to rebounded as Tencent took a 10% stake following the company's dismal third-quarter results and after the company announced a redesign to its app.
Snap's shares soared more than 25 per cent in after-hours trading, reaching $17.61. The business had revenue of $207.90 million during the quarter, compared to analysts' expectations of $236.71 million.
For the full year, Snap's revenue rose to $825m, more than double the $404m it made last year. Those bets appear to be paying off. Still, Snap Inc shares closed up about 1.52 percent to $14.06 earlier today.
Larger social-media rival Facebook Inc. has copied some of Snapchat's most-popular features for bigger audiences, while a dramatic redesign of the Snapchat app is rolling out slowly - and to lackluster reviews so far. For 2018 Snap is expected to generate $1.47 billion in net worldwide ad revenue, which is up 90% from 2017, but that's a 0.6% share of the overall worldwide digital ad market, says eMarketer, and pales in comparison to Google and Facebook. The Company's flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap.
"Snap benefited from some of the seasonality that's expected during the holidays as advertisers heavy up but also saw some new brands come in and test the platform", Goldman says.
Spiegel said early feedback shows the redesign makes the app easier to user, "especially for older users".
One held after four injured in drive-by shooting in Italy
EST), and that students were being kept inside schools which are open on Saturday and public transport had been halted. The Nigerian suspect, who was denied asylum a year ago but has remained in Italy , has refused to talk to police.
The whole planning and preparation that has gone into, not necessarily for this World Cup, but in developing these players. They are the ones who stand up in such pressure games, they are the ones who stood up & showed maturity.
The move was followed by the same decision from American giants Bank of America, JP Morgan Chase and Citigroup. Threats from China and India The digital currency world has been plagued by a string of worrying headlines.
Members of the NTP have scheduled to have experts who didn't contribute to this study review the data in March. To make his point, he pointed out in a later interview, "I am actually holding my cellphone up to my ear".
Potomac Phil's predictions are based on a different method, given that he's an animal preserved by a taxidermist. Punxsutawney is where Groundhog Day originated on February 2, 1886, and is where a ceremony is held every year.
Because I can't deal with the "Ja, that's what happens when you play an inexperienced flyhalf" comments if he doesn't... The match is being officiated by Nigel Owens , the Welshman who refereed the 2015 World Cup final.
That may be so, but the fact is demand for iPhone X cooled quickly before Christmas, as several market observers have pointed out. Kuo said in a research note to investors that Qualcomm would "not have a share of the orders at all".
Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued. Willingdon Wealth Management acquired a new position in shares of Valero Energy during the 3rd quarter worth about $100,000.
Officials from Hualien fire department said 28 people had been rescued from the hotel and a residential building. Taiwanese media reported that a separate hotel known as the Beautiful Life Hotel is tilting.
The PFA issued a statement , reading: "The PFA strongly condemn any such views and there is no place for them in football ". " Our action follows a full and thorough investigation ", the club said . "It's nothing racist at all".
The funding promise represents a massive increase on the 17 million euros pledged at the last conference in 2014. Without it, "you lose a child's future". "I would like to thank President Macron for having me".
No discussions to fire Rosenstein: White House
The memo alleges that Rosenstein approved at least one FISA warrant of a former Trump campaign adviser, Carter Page. Comey did not pledge loyalty, and after a few additional tense interactions with Trump, he was sacked in May 2017.
All smiles in England Six Nations camp
Italy's ongoing endeavour was rewarded when Mattia Bellini touched down after England were exposed out wide for a second time. Italy thought they had hit back with a try from Boni but his score was ruled out on video review for a forward pass by Allan.
Designate Moe backs Notley in BC pipeline dispute
Nenshi said the B.C. government needs to do a better job of reviewing the federally approved project. Notley gave few details on what the suspended energy talks were about, but Blake Shaffer at the C.D.
Kohli, Rahane guide India to 1-0 lead against South Africa
In the process of chasing the 270-run target, skipper Virat Kohli smashed a gob-smacking ton, his 33rd ODI hundred to be exact. Earlier, South African captain Faf du Plessis made a century to lift South Africa to a strong innings finish.
Two more Turkish soldiers killed in Syria offensive: army
Seven Turkish soldiers were martyred on Saturday during Operation Olive Branch, according to a Turkish General Staff statement. The number of civilians killed on Turkey's offensive in Afrin has passed 100, according to local health authorities.