SunTrust Banks Weighs in on Snap Inc's FY2022 Earnings (SNAP)
07 February, 2018, 01:29 | Author: Pamela Mathis
The poor report included slowing user growth and a revenue miss, and showed no clear path to profitability.
Shares of Snap, the parent company of teen app darling Snapchat, skyrocketed following some rare good news for the company.
Snap shares are up about 23% this year.
The company reported its loss widened to US$350 million in the last three months of 2017 after a US$170 million deficit a year earlier.
For the full year, Snap's revenue rose to $825m, more than double the $404m it made last year. Snap Inc (SNAP) management said the Q4 2017 result was the best quarter for user adds since Q3 2016.
"Our business really came together towards the end of a year ago and I am very proud of our team for working hard to deliver these results", said founder and chief executive Evan Spiegel. The figure is closely watched by investors who hope user growth can be translated into advertising revenue. Analysts had only been expecting Snap Inc (SNAP) to add 6 million daily users for a total user base of 184 million daily users. The Discover feature is important because it's where big media players display their content.
Spiegel warned in November that the redesign could be disruptive to Snap's business in the short term, so it will be interesting to see if the company provides any color as to how the rollout is going so far.
The ephemeral messaging app sccessfully wooed more advertisers in the fourth quarter as it became easier to place ads through its still-nascent automated platform, according to Aaron Goldman, chief marketing officer at 4C, which plugs into Snapchat to deliver ads.
Snapchat said it added 9 million daily users in the fourth quarter, its largest growth spurt since going public a year ago. JPMorgan Chase & Co. now owns 7,650,826 shares of the company's stock worth $110,556,000 after acquiring an additional 797,290 shares in the last quarter.
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Snap Inc. wasn't one of them!
Options are pointing to a double-digit move in the shares, with $15 puts and calls the most widely held options.
That forced Ohio State heavyweight Kyle Snyder to have to win by major decision (an 8-point margin) for the Buckeyes to prevail. The Illini have played themselves out of multiple wins this season - see Northwestern, Maryland and Minnesota losses.
This update also adds a new PS Plus tab to the Library, which clarifies what games you own from PS Plus' Monthly Free Games. The Quick Menu is being made, well, more quick to navigate in update 5.5 with the ability to access custom friends lists.
In 2016, McDaniels and the Patriots won another championship by defeating the Atlanta Falcons by a score of 34-28 in overtime. In fact, during the Super Bowl, Pro Football Talk reported that McDaniels was perhaps considering staying in New England.
John's impact on this institution, on Chicago theatre, and the world of arts and entertainment is great and will endure'. Those who knew Mahoney said he was always devoted to the theatre community in Chicago, and helping other actors succeed.
The move marks a shift in priorities for the USA after the collapse of the extremists' so-called caliphate late previous year . The contractors spoke on condition of anonymity in line with regulations and declined to reveal the exact size of the drawdown.
The US Investigation into an alleged collusion between President Donald Trump's campaign and Russian officials continues. The White House did not immediately respond to a request for comment and neither did an attorney for Bannon.
There are no tailed spiders today, and arachnids wouldn't need sensory flagellum because they can feel vibrations in their webs. There's even a small chance the tiny animal could have some descendants alive somewhere in the rainforests of southeast Asia.
Police in Alabama are on the lookout for a man they believe is behind a sickening video being spread on Facebook. Police in Montgomery, Alabama, said a second man was arrested in connection with the case.
The United States, the United Nations and former colonial ruler Britain strongly criticised the government's censorship. Three privately owned television stations were shut down last week as they began to cover Odinga's "swearing in".
President Duda said the bill would protect Poland's interests "so that we are not being slandered as a state and as a nation". In an interview with the TV channel TVP, he said: "I think we are facing very unfair treatment".
'Frasier' Star John Mahoney Has Died at Age 77
Actor Kelsey Grammer had some heartfelt words to say about the passing of John Mahoney , who played his father on Frasier . Mahoney appeared in the series - which, of course, starred Camille's ex-husband Kelsey Grammer - from 1993 to 2001.
BP earnings double on larger oil value
The group benefitted from a rise in oil prices, with the price of a barrel of Brent crude having surged by 40 percent since July. BP completed seven major project start-ups during 2017, capped off by bringing online Zohr in Egypt in December.
Top judges arrested as Maldives crisis deepens
The release of the politicians would have resulted in the party of President Yameen losing its majority. The United Nations and other foreign governments have urged the Maldives to respect the court order.
Chadwick Boseman isn't anxious about being typecast
An opportunity to tell a story about black lives, which matter and are not defined by their pain but, instead, by their glory. I even had the pleasure of speaking with David Oyelowo, who was curious about the name "Black Girl Nerds".