SunTrust Banks Weighs in on Snap Inc's FY2022 Earnings (SNAP)

07 February, 2018, 01:29 | Author: Pamela Mathis
  • You can now create your own custom face lenses on Snapchat

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.

The Huawei Mate 10 Pro Is Already Available for US Preorders
To partially explain its premium price, the Porsche Design has a diamond black body, 6GB of RAM , and 256GB of internal storage . The device is powered by a Kirin 970 CPU that was developed in-house, comes with a 4,000mAh battery .


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.

Recommended:



Popular

'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.

Sam Darnold: Would be awesome to be mentored by Eli
McAdoo and general manager Jerry Reese were fired the following day. "I want to go out there and work my tail off to get to playing at a high level".

Leader City drops points for only 4th time in Burnley draw
If that's the mentality that Mourinho is instilling into his players, it's the correct one. Sign the contract before you know the extent of the injury"'.

Busy Philipps Rips Quentin Tarantino After Resurfaced Roman Polanski Comments
I wanted to deliver it to her, so she could look at it. "We need to make this right". "I would never react to her this way". The Polish-French director pleaded guilty to sex with a minor, but fled the USA before sentencing to avoid imprisonment.

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.

Bloodbath Continues On Stock Market; Sensex Falls 300 Points
Indian stock markets were already under pressure after the government re-introduced LTCG-tax on equities in Budget-2018. Nifty increases by 118 points, which is 1.07%, that is, the final closure was at 11,084 points.

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".

United Nations to probe Syria gas attacks but what about past ones?
The YPG and PYD are the Syrian affiliates of the PKK, a designated terror group by Turkey, the USA and the EU. He also said Turkish forces had finished building a sixth observation point in Syria's Idlib region.

China to block access to overseas cryptocurrency exchanges, ICOs
Some industry experts have warned that many ICOs are fraudulent , and operate in the gray area as they remain unregulated. Despite the ban, individual investors have continued to trade on foreign exchanges using virtual private networks.