Snap reports it added 7M DAUs in Q3 to hit 210M, up 13% YoY, revenue of $446M, up 50% YoY, and a net loss of $227M, down from $325M a year ago
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.
TechCrunch Josh Constine
Related Coverage
- Snap Gains as Analysts See Proof of Turnaround in User Growth Bloomberg · Ryan Vlastelica
- Snap Earnings: Stock Fell Due to Mild Revenue Outlook Market Realist · Sneha Nahata
- Snap Inc. Announces Third Quarter 2019 Financial Results Snap Inc.
- Snap stock drops on weak guidance CNBC · Salvador Rodriguez
- Snap's Revenue And DAUs Show Healthy Growth, But Ad Rates Are Stuck In Neutral AdExchanger · James Hercher
- Snapchat Adds Seven Million Users, Posts Higher Revenue in Q3 Social Media Today · Andrew Hutchinson
- Snapchat's Q3 2019 Earnings Beat Estimates, Revenue Shoots 50% YoY Coinspeaker · Bhushan Akolkar
- Snap Doubles Down On Premium Content Amid Q3 Growth PYMNTS.com
- Snap returns to form with solid user growth and lower losses but shares fall SiliconANGLE · Duncan Riley
- Snapchat is still growing where it matters most Mashable · Karissa Bell
- Snap grows daily active users in Q3 2019, but revenue guidance sends shares down 5% VentureBeat
Discussion
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@alexeheath
Alex Heath
on x
TechCrunch appears to have published a prewritten Snap earnings story before the numbers actually went public. Post has been taken down but was up for a few minutes https://techcrunch.com/...
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@thestalwart
Joe Weisenthal
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This apparent pre-write caused the stock to briefly plunge nearly 10% https://twitter.com/... https://twitter.com/...
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@newsycombinator
@newsycombinator
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TechCrunch published Snap earnings before numbers went public https://twitter.com/...
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@bradesposito
Brad
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Snapchat continues to thrive while the tech world watches the screw-ups of everyone else. Adds 7 million daily active users & boosts revenue by 50%. https://techcrunch.com/...
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@joshconstine
Josh Constine
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“We definitely see TikTok as a friend” is a wildly shortsighted statement by Snap CEO's, as the competitor buys ads on Snapchat to steal its users https://techcrunch.com/... https://twitter.com/...
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@cnbcnow
@cnbcnow
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EARNINGS: Snap Q3 Loss ($0.04) vs. ($0.05) Est.; Q3 Revs. $446M vs. $435M Est. • $SNAP https://cnb.cx/2JbCj5q pic.twitter.com/z0fEvQCTaI
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@rmac18
Ryan Mac
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WeWork board about to send over an edible arrangement to Snap. https://twitter.com/...
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@alex
@alex
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writing about $SNAP in the am, but: 1. 50% rev growth for $SNAP is good 2. reaching ~50% gross margins in Q3 is good 3. Strong Q4 rev growth promise is good 4. Breakeven adjusted ebitda in q4 (forecast) is good
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@joshconstine
Josh Constine
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Snapchat added 5M Rest Of World users that likely cost more than they earn, contributing to a 5% share price fall despite beating estimates https://techcrunch.com/...