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.
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.
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.
If Le Pen had won the election and France had exited the EU, that "could've led to the collapse of the union", the official said. Responding to claims Mr Macron is simply the "next Hollande", he said: " I don't want to own Emmanuel Macron.
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.
Despite the welcome news from Sweden, police in London said Friday that Assange is still wanted there for jumping bail in 2012. Without the threat of extradition, it would appear now, more than ever that Assange may finally be free to leave the embassy.
Nous voulons explorer de nouveaux thèmes forts, nous approprier l'univers d'Astérix tout en restant fidèles aux albums. Par contre, rien ne dit que Roger Carel sortira de sa retraite pour doubler à nouveau Astérix .
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.
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.
Le Paris FC en barrages — National
Vendredi , le leader a été tenu en échec par Les Herbiers (1-1), tandis que son dauphin s'est incliné à Chambly (4-0). Les Lyonnais ont perdu à Epinal (1-2), relégué malgré cette victoire.
Dutch King: So I've been piloting KLM for 21 years
Brunei's Sultan Hassanal Bolkiah also reportedly takes charge of the cockpit sometimes when he flies on state visits. For two decades, the king of the Netherlands has been putting the royal in KLM Royal Dutch Airlines.