Tuesday, 6 February 2018
Snap shares skyrocket on first earnings beat with revived user growth
Snapchat is starting to turn things around, boosting its sluggish user growth rate and beating Wall Street’s expectations for the first time with today’s Q4 2017 earnings report. It added 8.9 million daily active users to reach 187 million with a quarter-over-quarter growth rate of 5.05% percent in Q4, compared to 2.9 percent in Q3. Revenue was $285.7 million, up 72 percent… Read More
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