Snapchat reports first earnings since going public ; Lost $2.2 billion last quarter !
19 Mai, 2017, 23:15 | Author: Marc Bacque
On Wednesday, the parent of the messaging app Snapchat reported earnings that missed Wall Street expectations in nearly every regard. While $150 million in revenue is almost quadruple the $38.6 million the company brought in during the year-ago quarter, it marks a quarter-on-quarter decline of about $16 million. WhatsApp also edged it out with 175 million users.
In after-hours trading toward the end of the call, Snap stock fell to $17.46 per share, more than 24 percent from Wednesday's close of $22.98. Net additional users increased 54% worldwide since Q4 past year, said Snap founder and CEO Evan Spiegel.
"The bottom line is if you want to be a creative company, you got to get comfortable with and basically enjoy the fact that people are going to copy your products if you make great stuff". Net loss rose from $104.6 million to $2.2 billion, which is thought to have been because of costs associated with the March IPO.
During its first quarter ending on March 31, Snap had 166 million daily active users, less than Wall Street estimates.
Shares in Snap have sunk after its app, Snapchat saw disappointing user growth.
Recent Analysts Ratings CEMEX, S.A.B. de C.V. (CX)
The average twelve-month target price among brokers that have updated their coverage on the stock in the a year ago is $10.98. CEMEX, S.A.B.de C.V. (CX) traded with the volume of 4.03 Million shares while its average 3 months volume is at 9180 shares.
All the copying appears to be paying off for Facebook.
Still, there's another way Facebook is already historically beating Snapchat. "But I do think at this point, we're pretty much ahead in terms of the technology that we're building". "Just like how Google forced companies to develop their own search strategies, Snapchat is forcing competitors to develop a camera strategy", he added. The company had aimed to accrue a further two million new users.
Snap is going to need to maintain high user growth rates, and it plans to grow DAUs by lowering the barrier to entry for creation through new features, such as augmented reality lenses. As the company missed out on expectations, given increasing competition from copycat messaging apps, investors marked-down 1Q report.
The loss mirrored slides in Facebook and Twitter after they posted debut scorecards following their IPOs. Unfortunately, it wasn't enough to prevent investors from making a run for it. This is a tactic that Twitter followers will be familiar with.
Le dernier gouvernement de Manuel Valls comptait 38 ministres et secrétaires d'Etat, contre 32 dans le gouvernement précédent. Jacques Mézard , patron du groupe RDSE (radicaux) au Sénat, est nommé ministre de l'Agriculture.
But Trump's claim ignored impeachment efforts and blistering verbal attacks on previous presidents and other political leaders. He called the probe a "witch hunt" and "totally ridiculous" Thursday afternoon.
NOVEMBER 21: referee Bibiana Steinhaus in action during the Second Bandesliga match between TSV 1860 Muenchen and 1. It was simply a turbulent roller coaster ride of emotions. "For us all, it's a dream has come true.
Ce ministère va passer entre les mains de Nicolas Hulot qui est bien connu pour son engagement au service de la protection de l'environnement, donc je pense que ce ministère sera entre de bonnes mains .
Abella said Duterte signed EO 26, which prohibits smoking in public places and public vehicles, whether stationary or in motion. It also establishes a minimum age of 18-years-old to purchase, use, or sell tobacco products.
Jean-Luc Mélenchon, le leader de la gauche radicale, voyait dans cette équipe "un gouvernement de droite". La règle est donc respectée avec ce mélange de visages bien connus de la politique et de nouveaux venus.
The descent of Turkey into a strongman state is discouraging, and there's no sign that it's going to turn around any time soon. However, the State Department did say that the investigation will "hold the responsible individuals accountable".
Aujourd'hui, nous nous intéresserons plus particulièrement aux soldes d'été dont les dates sembleraient avoir fuité sur le net. Que ce soit pour les soldes d'été, d'automne ou d'hiver, votre carte bleue souffre si vous cédez à la tentation.
Horizon Pharma plc (HZNP) has been given an average price target of $16.8 from analysts, according to data collected by Finviz. Finally, Highbridge Capital Management LLC increased its stake in shares of Horizon Pharma PLC by 128.2% in the first quarter.
USA sends a second aircraft carrier at North Korea
The president said solving the North Korea problem without armed conflict would be preferable, but that it would not be easy. Next day, the country's government confirmed the missile had successfully reentered the earth's lower atmosphere.
Google Android OS installed on 2 bn active devices
Notification Dots is a new way for developers to notify users about activity on the app, driving engagement. You can also call your own personal contacts, as long as your contacts are synced with your Google Account.
Embiid: Cavaliers 'going down' to 76ers soon
While Embiid may be aiming a little high, there are reasons to expect improvement from the 76ers next season. The process has certainly paid its dividends in Philadelphia so far.