Snap Makes Gains in Bid to Vie With Big Rivals; Shares Rocket

Will Snap Have More Bad News When It Reports Earnings?

Snap stock is down over 43 percent since its first day of trading in early March and the company looks a lot more like the next Twitter than it does the next Facebook.

For Q3, Snap reported 178 million daily active users (DAUs) vs. the 181.8 million expected by analysts.

Snap reported revenue of $285.7 million, beating the consensus estimate of $256 million. Adjusted EBITDA was a loss of $158.9 million, compared to the adjusted EBITDA loss of $152.3 million in the year-ago quarter.

But while Snapchat may still be the go-to place for teens and college students to share photos and short videos with friends, the problem for Snap is that it's hard to monetize that content. If the gains hold, Snap's stock could top its IPO price of $17 a share for the first time since July. Analysts had expected Snap to report 184.2m users, according to FactSet. The business had revenue of $207.90 million during the quarter, compared to analysts' expectations of $236.71 million. That would also put Snap's yearly sales at $793 million, nearly double the $404 million it brought in in 2016.

In Chicago, Kashmiris Assured Of Pakistan's Support Until Freedom From India
They are always trying to divide India or trying to create havoc in our country. The development budget for the AJK had been doubled, he added.

Snap shares closed the day up more than 1 percent to $14.06. But the company's bet on Spectacles has been expensive, costing the company $40 million last quarter for "excess inventory".

The app now has 187 million users, which still puts it far behind rivals like Instagram Stories, a Snapchat clone that now has more than 300 million daily users.

Chief Executive Evan Spiegel said the company benefited from a transition of its ad business to an auction model and from improvements to the version of Snapchat that runs on Android phones, among other changes. Spiegel said in prepared remarks that were released alongside today's earnings that "Our business really came together towards the end of previous year". Snap has a 52 week low of $11.28 and a 52 week high of $29.44.

Even though Snap wasn't vocal about its release, Snapchat's new Do Not Disturb comes at a time when more people in the tech industry are talking about smartphone addiction. Snapchat's user growth was better than a 5 percent jump quarter-over-quarter - only three months removed from posting a 2.9 percent growth rate.

Related news:

Hot News

isis-killer-beheading-video-story-top Chance of snow showers this morning
Feb 07, 2018 - 01:46
Snowfall is expected to be 3 to 7 inches throughout the day, with another 1 to 3 inches of snow and sleet overnight . Right now, it appears as though the onset of the precipitation should kick off around daybreak or slightly before.

isis-killer-beheading-video-story-top ASU alum Chez Reavie forces sudden death, falls in playoff
Feb 07, 2018 - 01:45
I made a lot of birdies on the front nine and just continued on the back. "Hopefully, it's the start of something special". After 4 top 10 finishes in 2017, Woodland just needed to put four great rounds together on the same weekend.

isis-killer-beheading-video-story-top Todd Frazier, Mets Agree to 2-Year, $17M Contract
Feb 06, 2018 - 15:18
In his lone full season on the South Side, Frazier set a career high with 40 homers but slipped to.225/.302/.464/107 OPS+. Free agent third baseman and Yankees fan favorite Todd Frazier will be taking his talents, and his thumbs, to Flushing.

isis-killer-beheading-video-story-top Westworld Season 2 Trailer Released
Feb 06, 2018 - 15:10
The train of thought takes a sinister turn as she then begins talking about how everything was a lie. Some familiar faces from the first season make an appearance in the Westworld season 2 trailer .

isis-killer-beheading-video-story-top Malcolm Butler: Patriots 'gave up on me' in Super Bowl
Feb 06, 2018 - 15:06
If you're going to go down, you may as well at least go down with your best players on the field. "I don't know what it was". Butler said after the game that the Patriots "gave up" on him and that he "could have changed that game".

isis-killer-beheading-video-story-top Flu Season Remains in Full Swing
Feb 06, 2018 - 15:06
According to health officials, the vaccine is approximately 32 percent effective against spreading the H3N2 viruses. According to CNN , there have been 11,965 lab-confirmed flu-related hospitalizations from October 1 to January 20.

isis-killer-beheading-video-story-top Newcastle draw 1-1 with Palace
Feb 05, 2018 - 06:34
In the 78th minute, James McArthur came close to snatching the lead for Palace as his long range curling effort marginally missed the target.

isis-killer-beheading-video-story-top Paul Ryan Celebrates a Public School Secretary's $1.50 Weekly Raise
Feb 05, 2018 - 06:32
Costco is a American budget wholesaler of home furniture and appliances, with an annual membership costing $60 per year. Ryan Democratic opponent, Randy Bryce, responded to Ryan's tweet while promoting a new fund-raising opportunity.

isis-killer-beheading-video-story-top TDP to protest state neglect in Parliament
Feb 05, 2018 - 06:31
Not just the Sena and TDP, some of the BJP's allies in Bihar have also taken to complain that their concerns are being neglected. "If the Centre does not concede to our demands, then we will undertake protest both inside and outside Parliament ", he added.

isis-killer-beheading-video-story-top Viva Forever? Ex-Spice Girls meet up amid reunion rumours
Feb 05, 2018 - 06:28
All of your '90s dreams have come true, friends: The Spice Girls have reunited (At least, for an afternoon). Meanwhile Brown praised the group for helping her become "who I am".

isis-killer-beheading-video-story-top Pentagon wants low-yield nukes to counter Russian Federation says Nuclear Posture Review
Feb 05, 2018 - 06:27
Proposed modification of some submarine-launched nuclear warheads to give a lower-yield or less powerful detonation. Russia's foreign minister called the move "confrontational" and expressed "deep disappointment".

isis-killer-beheading-video-story-top Syrian civilians injured in chlorine gas attack
Feb 05, 2018 - 06:16
Secretary of State Rex Tillerson said Tuesday amid reports of a suspected chemical attack this week near the capital, Damascus. Russian Federation is ultimately to blame for any use of chemical weapons in Syria, U.S.

isis-killer-beheading-video-story-top Russian athletes have Olympic doping bans overturned
Feb 04, 2018 - 02:26
But Jim Walden, lawyer for Russia's former anti-doping chief-turned whistleblower Grigory Rodchenkov , slammed the decision. "Dr. They would compete as "Olympic Athletes from Russia" - with no use of the Russian flag or national anthem permitted.

isis-killer-beheading-video-story-top DeSantis says Rod Rosenstein will have to 'explain' himself
Feb 04, 2018 - 02:20
And before the request even gets to court, the Justice Department vets all Federal Bureau of Investigation supporting evidence. Rosenstein's December 13 appearance before the committee included strong backing for Mueller.

isis-killer-beheading-video-story-top Battle Of The Super Bowl Playlists: Puppy Bowl Edition
Feb 04, 2018 - 02:20
Thousands attended the event to witness John "Super Squib" Squib eat 203 Buffalo Wings to win Wing Bowl 17. The video below had more than 2.6 million Facebook views at the time of this blog post.