Tuesday, 14 August, 2018

Snap's earnings show it isn't about to ghost us

Snap Inc. (NYSE:SNAP) Is Waking Up To “Time Well Spent” Movement Facebook Is Already Addressing- Microsoft Snap stock soars on first ever better-than-expected earnings
Mandy Jefferson | 07 February, 2018, 01:24

And while its user growth has slowed, the company hadn't made that a priority just yet.

Snap is undergoing a company transition, which includes overhauling its Snapchat app to make it easier to use.

Snap's net loss of 13 cents a share also was more positive by 3 cents a share than analysts' expectations of a loss of 16 cents a share, according to a Thomson Reuters consensus estimate.

Average revenue per user, a closely watched number, rose 46 percent to $1.53 in the final period of 2017, while a similar measure of costs grew much more slowly, according to the company.

"Our work during 2017 is proof that we aren't afraid to make big changes for the long-term success of our business", said Snap, Inc.

Snap Inc. (NYSE:SNAP) Is Waking Up To “Time Well Spent” Movement Facebook Is Already Addressing- Microsoft
Snapchat just did something crazy. It beat expectations.

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

"Our business really came together towards the end of past year and I am very proud of our team for working hard to deliver these results", said Snapchat CEO Evan Spiegel in prepared remarks to Tuesday's earnings call.

However, three months later, that redesign has still not rolled out widely, and investors will be looking for answers as to what's taking so long. The company has struggled to grow Snapchat's revenue and user base at the pace many anticipated, leading to a series of sell ratings from Wall Street analysts. The Discover feature is important because it's where big media players display their content. Further, the company is not profitable and its advertising business has not yet matured.

Snapchat parent company Snap beat Wall Street expectations for the first time in its fourth quarter as a public company. He also cited improvements to the company's Android app as part of the reason DAU numbers have risen, saying "people who try Snapchat on Android are much more likely to stick around and become Daily Active Users". Adjusted EBITDA was a loss of $158.9 million, compared to the adjusted EBITDA loss of $152.3 million in the year-ago quarter. Today is its chance to show that it's at least making progress on fixing those issues.

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. 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. The Motley Fool has a disclosure policy.

Maldives: Emergency declared, SC Judges, former President Abdul Ghayoom detained
China on Tuesday expressed confidence that the escalating political crisis in Maldives will find a home-grown solution. According to reports , the soldiers scaled the court building and held staff and judges under military supervision.


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