Snap reports Q2 revenue of $182M vs. $186.8M expected, DAUs grow 7.3M vs. 8M expected, reaching 173M, and loss grows to $443M; stock down 12%+
again Kurt Wagner / Recode : Snap added fewer users and made less money than Wall Street expected The Wrap : Snap Can't Bounce Back in Q2 as User Growth Slows, Stock Dives 5 Percent Janko Roettgers / Variety : Snap Grows Daily Users to 173 Million, But Delivers Disappointing Earnings Alex Heath / Business Insider : Snap misses across the board for Q2 earnings, stock gets whacked Brian Deagon / Investor's Business Daily : Snap Fell Short On Just About Every Metric In Q2; Stock Crashes Tweets: Loic Le Meur / @loic : Snapchat continues to sink http://twitter.com/... Dan Frommer / @fromedome : Seems clear that Snap simply went public too early — and now has to figure itself out with all the pressure that brings. https://twitter.com/... @dhh : Snap lost $450M in 3 months of operation, but at least they also gave away $2.2 billion in stock-base compensation http://www.businesswire.com/ ... Lucas Matney / @lucasmtny : Snap made around $5.4M from Spectacles in Q2, so just over 41,500 pairs @howardlindzon : $snap us 170 million DAILY active users and is considered a dud .... I need a drink or 5. Shira Ovide / @shiraovide : Pretty sure that was Snapchat's best quarterly gross margin. Bad news: it was 16%. Sarah Frier / @sarahfrier : Snap CEO @evanspiegel and co-founder Bobby Murphy will not be selling any of their shares this year, he says Janko Roettgers / @jank0 : Vertical Networks' Phone Swap on Snapchat has over 10 million viewers per episode. Josh Constine / @joshconstine : 2 small bright spots in Snap's earnings: Added more users in North America, Rest Of World average revenue per user up from $0.19 to $0.29 https://twitter.com/... Sean O'Kane / @sokane1 : Evan Spiegel says the dancing hot dog has been viewed more than 1.5 BILLION times Janko Roettgers / @jank0 : Snapchat DAUs create over 20 Snaps per day on average, says Evan Spiegel. Janko Roettgers / @jank0 : Interestingly, SNAP saw its biggest ARPU growth in Europe. Now, if it only could grow its users there as well... http://variety.com/... Josh Constine / @joshconstine : Snap now down 12% of awful earnings. It didn't even break out Spectacles revenue. So much for the “camera comapny” http://tcrn.ch/2utks4i Alex Heath / @alexeheath : Snap has paid $224 million in cash related to acquisitions this year. Much of that was likely for ad tech company Placed. Jeremy Kaplan / @smashdawg : More on Snap results: loss of $443 million in one quarter. at that pace, they'll lose $1.6B in a year. stock down about 11% after hours Alexei Oreskovic / @lexnfx : Snap revenue up an impressive 151% y-y in Q2. But....Op Ex up 236%! Alex Barinka / @alexbarinka : Snap just traded below $12/share in aftermarket trading. Daily active users of 173M missed 175M average analyst estimate. Alexei Oreskovic / @lexnfx : $SNAP Net Loss of nearly a half billion dollars in Q2. Way larger than any previous quarter on record. Jan Dawson / @jandawson : More slow user growth for Snap, and slowish NAm ARPU growth too. But ARPU outside NAm, ARPU starting to take offpic.twitter.com/ypl9oEkUwG See also Mediagazer