Eyes on redesign, user growth in Snap's upcoming earnings

07 February 2018, 01:25 | Myrtle Hill

Deutsche Bank Reiterates “Hold” Rating for Snap (SNAP)

Spectacles

In related news, Director Mitchell Lasky sold 25,000 shares of the company's stock in a transaction dated Tuesday, November 21st. Snap added almost 9 million daily active users in the last quarter, the most since the third quarter of 2016, pumping its daily user base to 187 million.

The Snapchat messaging app owner said its revenue rose 72 per cent to $285m in the three months to the end of December, beating analyst expectations, while its net loss widened to $350m, or 28 cents per share.

Snap's net loss of 13 cents a share also was more positive by 3 cents a share than analysts' expectations of a loss of 16 cents a share, according to a Thomson Reuters consensus estimate.

One area of growth the company is focused on is Android.

Shares of Snap, the parent company of teen app darling Snapchat, skyrocketed following some rare good news for the company. Then, the company fell out of favor on Wall Street, hit by a slew of analyst downgrades.

If Snap can make real revenue for media companies, they'll be more likely to partner with Snap on things like shows or stories down the line.

Raheem Sterling's miss of season allows Burnley to hold leaders City
Burnley's back four, despite the absence of James Tarkowski, was well drilled and it required patience to break them down. Despite that, Danilo looked like proving their unlikely match-winner after a stunning strike from outside the box.

Russian spy chiefs met in Washington with Central Intelligence Agency director last week
Pompeo had on Monday told the BBC he believes that Russian Federation will seek to interfere in November's mid-term elections. Trump's willingness to court Moscow also has anxious many intelligence officials, who say it has damaged operations.

'Thank you': Olympic gymnast Alexandra Raisman reacts to Larry Nassar sentencing
Michigan State gymnastics coach Kathie Klages resigned previous year after she was suspended for defending Nassar. "We need to create a culture at Michigan State where survivors are listened to and believed", Hertel said .

"Our business really came together towards the end of a year ago", Spiegel said in remarks prepared for a conference call with analysts.

SEE ALSO: Snapchat opens Snap Store in app. It's a significant boost in users since the third quarter of 2017, when Snapchat added just 4.5 million DAUs. Sales for the year as a whole doubled to $825 million. Wall Street expected Snap to add about 6 million daily users during the quarter.

However, three months later, that redesign has still not rolled out widely, and investors will be looking for answers as to what's taking so long.

As Evan Spiegel prepares to launch a redesigned Snapchat meant to draw new users and boost growth, the app's parent company reported its best quarter yet since its public debut.

Those design changes have put a bigger emphasis on user-to-user sharing, as opposed to content created by publishers and brands. Previously, Snap made a bet on hardware - its Spectacles - but ended up losing $40 million on the video-recording sunglasses last quarter when they proved to be far less popular than expected.



Other News

Trending Now

Japanese stocks plunge 4% after Wall St sell-off
The yen attracted purchases as a safe-haven currency following sharp falls in NY and Tokyo equities, currency traders said. By early afternoon in Asia, Dow and S&P futures were both down more than 4 percent, suggesting a weak open for US markets.

Apple and Cisco team with insurers to offer discounted cybersecurity insurance
We can provide customers with guidance on what cyber defenses, resources and processes to deploy to improve their cyber posture. He believes this encourages businesses to use Apple products in their enterprises.

Salisu Yusuf: Super Eagles did well reaching the Final

Mahrez misses Leicester training again and will not face swansea

Five shot during violent clashes between migrants in Calais
In January, Macron responded to some of these critiques, notably a scathing report published by Human Rights Watch in July 2017. Calais mayor said Natacha Bouchart reacted with fury to theincidents, saying such violence "was absolutely unacceptable".

Mexico sells rights to 19 offshore oil fields for over $500 million
French oil and gas major Total through its subsidiary Total E&P U.S. holds the remaining stake of 40% in the offshore prospect. Shell took five contracts in the promising Perdido Fold belt, not far from its own recent finds on the USA continental shelf.

Facebook Messenger Kids Should Be Shut Down, Say Child Health Advocates
Some companies have offered parental controls as a way of controlling unauthorized preteen use of their platforms. That's not to say that young kids should be allowed to use excessively use apps like this, however.

National Basketball Association journeyman Butler, wife die in crash
His best season during his 13-year career came with the Clippers, when he averaged 11.9 points per game during 2009-10 season. Our honest condolences, thoughts and prayers go out to the family and many friends of Rasual and Leah. "They will be missed".

Investigation into Karolyi Ranch ordered by Governor Abbott
Gymnastics cut ties with the ranch earlier this month after a groundswell of criticism of its handling of the Nassar allegations. Last week, the Dallas Morning News reported that Nassar practiced medicine in Texas without a Texas medical license .

WFAN Airing Special Following WWE Royal Rumble
This would also save the heels from taking a credibility killing loss, though obviously there are other ways to accomplish that. Aiden English is a former NXT Tag Team Champion and he's found a nice spot for himself as Rusev's "encouragement specialist".