Evan Spiegel, co-founder and CEO of Snap Inc., is on the floor of the New York Stock Exchange during the company’s initial public offering on Thursday, March 2, 2017.
Michael Nagle | Bloomberg | fake pictures
Initially, Snap’s share price plunged more than 11% after hours, and then moderated to a smaller decline as investors digested positive user and revenue growth on Tuesday after the company reported its earnings for the year. second trimester.
This is what they reported:
- Loss per share: 9 cents vs. 9 cents for Refinitiv
- Income: $ 454 million vs. $ 439.1 million for Refinitiv
- Global Daily Active Users (DAU): 238 million vs. 238.48 million per dataset
- ARPU: $ 1.91 vs. $ 1.87 per dataset
The company’s net loss grew to $ 326 million, almost 28% more than last year’s $ 255 million.
Snap reported its daily active users at 238 million, almost 4% more than the 229 million that the company reported in April. That number has increased 17% compared to the 203 million daily users the company reported a year earlier.
After seeing an increase in usage after refuge requests in March, that blessing is gone, Snap chief financial officer Derek Andersen said in his prepared remarks.
“At the beginning of widespread shelter requests in place, as people sought to stay connected and entertained from home, we saw an increase in daily active users who reported our initial estimate,” Andersen said. “This initial uprising dissipated faster than we anticipated as shelter conditions in place persisted.”
The company said that so far in the third quarter, revenue increased 32% from a year earlier, but expects growth to moderate for the rest of the quarter, ending growth of around 20%.
“Historically, advertising demand in the third quarter has been bolstered by factors that appear unlikely to materialize in the same way they did in previous years, including the back-to-school season, movie release times, and multi-league sports operations, “Andersen said. “At this time it is difficult to predict how these factors may affect ad demand in the rest of the third quarter.”
.
