Snapchat isn’t growing again, but at least it didn’t hemorrhage any more users in its Q4 earnings report. The company stayed flat at 186 million daily users after falling from 191 million in Q1 to 188 million in Q2 to 186 million in Q3. It exceeded an expected quarterly count of 184.2 million user, though 186 […]
View More Snapchat shares soar as it stops losing users, shrinks losses in Q4Category: Snapchat earnings
Snapchat’s Android usage keeps falling but rebuild tests well
Snap has finally begun publicly testing the engineering overhaul of its slow and buggy Android app that for years has cost Snapchat users. Promising early results and reduction in app startup time could help Snapchat fix its growth problem after daily active users sank in Q2 and Q3 before staying put at 186 million in […]
View More Snapchat’s Android usage keeps falling but rebuild tests wellSnapchat loses 2M more users in Q3 as shares sink to new low
Snapchat continued to shrink in Q3 2018 but its business is steadily improving. Snapchat’s daily active user count dropped again, this time by 1 percent to 186 million, down from 188M and a negative 1.5 percent growth rate in Q2. User count is still up 5 percent year-over-year, though. Snapchat earned $298 million in revenue with […]
View More Snapchat loses 2M more users in Q3 as shares sink to new lowSnapchat gets $250M investment from Saudi prince for 2.3%
Snap Inc got a fresh infusion of cash from the Saudi royal family to help it survive despite losing $353 million this quarter. Prince Al-Waleed Talal tweeted a video of him and Snap CEO Evan Spiegel, noting that he’s invested $250 million in exchange for a 2.3 percent stake in Snap Inc. The investment raises […]
View More Snapchat gets $250M investment from Saudi prince for 2.3%Snapchat shrinks by 3M users to 188M despite Q2 earnings beat
The Stories War has officially killed Snapchat’s growth. In Q2 2018 earnings today, Snapchat’s user count shrank 1.5 pecent percent to 188 million this quarter, down from 191 million and positive 2.9 percent user growth last quarter. However, Snapchat beat expectations with $262.3 million in revenue and a loss of $0.14 while Wall Street estimated […]
View More Snapchat shrinks by 3M users to 188M despite Q2 earnings beat