During the period from April 1 to June 30, Snap Inc received $262 million in revenue, with a net loss of $353 million.
Snap has been working to convince big advertisers to spend more of their budgets on Snapchat ads and reach the app's base of mainly 18-34-year-old users, and it beat analyst revenue forecasts as it drew in more worldwide and small business advertisers.
Snap reported188 million daily active users during the last quarter - falling short of Wall Street's expected 192 million and dropping from last quarter's 191 million.
The social media company said its shift toward a self-serve model for advertisers was paying off and blamed a redesign of its app for denting user numbers.
Snap (SNAP) has lagged behind its social media brethren this year while waiting for its retooled design to resonate with consumers. After the report was released, Snap's stock price rose slightly to $13.20 from the regular session's close of $13.12. Last quarter, its stock dropped by as much as 24% after releasing its Q1 earnings report. On two occasions, they plunged more than 20% after results were announced. Snap recently appointed a new chief financial officer, Tim Stone, who was previously at Amazon.
Still, the social media company's valuation signals investors see potential for outsized growth, with Snap entering trading on Tuesday at almost 10 times expected revenue, compared to 7.6 times expected revenue for Facebook shares and 7 times for Twitter.
That's despite a drop in active users-a first for the company.
Evan Spiegel said Snap does consider users' feedback: "We feel that we have now addressed the biggest frustrations we've heard, and are eager to make more progress on the tremendous opportunity we now have to show more of the right content to the right people".
Snap did reveal that 11 of its Shows now have a monthly audience of over 10 million users, which is up from the 7 million in last quarter. It will be interesting to see if this trend of desiring privacy in the modern era will continue, or if Facebook and Twitter are just waiting to pounce. Chief Executive Evan Spiegel said in prepared remarks that the redesign was the primary reason for usage slipping, but he credited the changes for increasing viewership of key ad-supported content this year.
Employees had griped about Snap's network of small, spread out offices in Venice.
The most attention-grabbing announcement is the arrival of a new award for Outstanding Achievement in Popular Film . It also announced that presentation would be aired at a much earlier date than expected, in February 2020.
Williams has been named for the Boeing programme to the ISS - the first test flight scheduled to take place in the middle of 2019. Boeing's second Starliner launch and first bona-fide NASA mission will send astronauts John Cassada and Suni Williams to the ISS.
Frozen: The Musical star Patti Murin even expressed (in an all-caps tweet , mind you) her interest in playing Batwoman . According to the character's bio from DC Comics , Kate Kane is a former student in the United States Military Academy.
The reimposed sanctions target Iran's US dollar purchases, metals trading, coal, industrial software and its auto sector. A weak dollar can lift the price of commodities, like oil, that are priced using the currency.
It will be followed in November by other measures affecting the oil and gas sector as well as the Central Bank. Maliki called on the Iraqi government not to be part of the USA policy to impose economic sanctions on Iran.
Fans who buy their tickets online will also get a copy of her new album, Cry Pretty , which is set for release on September 14. The new baby will join older brother Isaiah (3), making the Fisher's a family of four.
He and police officers called to the scene gave the baby CPR until an ambulance arrived, NY media reported. The New York City Fire Department reportedly took the child to the hospital where the baby died.
Canadian exports to Saudi Arabia were about $1.12 billion in 2017, or 0.2 percent of the total value of Canadian exports. Since then, the Saudi kingdom has pursued a scorched-earth policy towards anything related to Canada .
The Sun add Raiola approached United executive vice-chairman Ed Woodward in January shortly after Sanchez arrived. And if you don't play to your potential and your agent continues to agitate then that may change'".
Playing in the final group with Rory McIlroy, the 25-year-old Thomas never let anyone closer than two shots of the lead. On the 13th hole, Hall made a 10-feet birdie to move to 16-under and therefore a share of the lead.
Priyanka signed the film after walking out of Ali Abbas Zafar's Bharat , 10 days before her portion of the shoot was to begin. Pratt will produce with Guymon Casady, Ben Forkner, Michael De Luca , Mark Gordon and Sara Scott.
John Kasich , a leading voice in the GOP's shrinking anti-Trump wing, once represented the district in Congress. Once they are tallied, an automatic recount would be triggered if the margin of results is within 0.5 percent.
A recent report implied that Disney was in talks to reacquire the cable rights for the original trilogy and the prequels. This service will rival Netflix, though Iger has said in the past that it will cost "significantly less" than Netflix.
Oxfam said more than 20,000 people were in temporary shelters and thousands more were camping out in the open. About 2,700 had left, but several thousand more tourists and hotel employees are waiting to leave, he said.
Several men, believed to be pedophile "clients" of the couple, have also been prosecuted in connection with the case. Christian L. claimed in court that he was the "driving force" behind them, and the mother has not stated a motive.
Now the array has revealed a planetary-mass object more than a dozen times bigger than Jupiter with a mysterious auroral glow. The auroras on Earth are caused by our planet's magnetic field interacting with the solar wind.
Ontario Premier Doug Ford rolled out the provincial government's buck-a-beer plan at a brewery early today in Picton, Ont. Starting August 27, the minimum price floor for a bottle or can of beer, below 5.6 per cent alcohol volume, will be $1.00.
State Department's Regional Security Office discovered the issue in 2016 during a routine review conducted every five years. Embassy in Moscow was dismissed as a suspected spy past year , a leading British newspaper reported Thursday.
Among the announcements was that when the game launches on December 7, it will be available in a bundle called Super Smash Bros . When it comes to choosing music , the library you have available will be tied to the stage and the franchise it comes from.
Meteorologist Melissa Dye says the southern half of the island should brace for winds of 35 miles per hour (56.3 kph) or higher. It unclear whether it'll hit or just brush the southern edge of the Big Island by Wednesday, the National Weather Service said.
In North America, that means that mosquito season - extending from the late spring through the fall - is West Nile season. Use insect repellent when outdoors; a repellent with DEET or Icaridin offers the most effective protection.
He said that would allow Tesla to "operate at its best, free from as much distraction and short-term thinking as possible". Midway through the trading session in NY on Wednesday, Tesla shares were down 5% at $374 after surging 11% on Tuesday.
Bangladeshi news outlets reported that he later visited the families of one of the students killed by the bus to apologize. Activists have also taken to social media in droves to call on local and worldwide media organisations to cover the story.
Gates was hired by Manafort to serve as deputy campaign chairman and later had a role on Mr Trump's inaugural committee. Asked if had also claimed unauthorised personal expenses from the inaugural committee, Gates replied "It's possible".
The trade balance between the two countries, which is at the center of the tariffs tussle, continued to be in favor of China. China reported larger than expected exports in July, even as the USA prepared a new list of products for tariffs.
FILE - A clerk counts Chinese yuan and USA dollar banknotes at a branch of Bank of China in Taiyuan, China, Jan. 4, 2016. The ministry also warned that it reserves the right of further countermeasures in the intensifying trade war.