The Snap-back continues. Snapchat blew past earnings expectations for a big beat in Q3, as it added 7 million daily active users this quarter to hit 210 million, up 13% year-over-year. Snap also beat on revenue, notching $446 million, which is up a whopping 50% year-over-year, at a loss of $0.04 EPS.
Snapchat Beats In Q3, Adding 7m Users & Revenue Up 50%
Josh Constine, TechCrunch
Tue, 10/22/2019 - 1:10pm
Topics: snap-back eps that bloomberg s wall street eps ceo evan spiegel snapchat s pacific ipo december that s north america europe android india arpu operating free cash flow cash interestingly july instagram s igtv threads surprisingly q4 snap ebitda spectacles apple facebook magic leap snap q3 that spiegel snapchat world cash we stories instagram discover tiktok snap users revenue million growth loss year price year-over-year share earnings beat time improved profitability social hit quarter active future growing watching average day expected years including continue estimates daily total spend prior times invest compared messaging regions entertainment long remains
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