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Snap's Q3 Struggles: User Growth and Ad Revenue Fall Short of Expectations

Technology News

Snap's Q3 Struggles: User Growth and Ad Revenue Fall Short of Expectations

Snap shares fall over 10% on third-quarter earnings miss

CNBC

Snap shares fall over 10% on third-quarter earnings miss

Snap misses on revenue and daily active users in third-quarter earnings reported Wednesday.

Snap Shares Drop as Daily User Growth Misses Analyst Estimates

Bloomberg

Snap Shares Drop as Daily User Growth Misses Analyst Estimates

Snap Inc. fell after the company reported third-quarter ad revenue and user growth that missed estimates, with Chief Executive Officer Evan Spiegel acknowledging that "advertising revenue growth...

The Information

Snap Reports Anemic Ad Growth

Snap posted 14% higher revenues of $1.7 billion, but once again the growth was driven mostly by subscriptions rather than advertising where growth remains anemic at 4% for the quarter. The company...

Snapchat posts modest user increase in Q3

Social Media Today

Snapchat posts modest user increase in Q3

Snap's revenue was up, but its daily platform active growth has stalled across nearly every market.

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