/ Researches / Snap Inc. Q1 2018 Earnings Report | Snap Inc.
Snap Inc. Q1 2018 Earnings Report | Snap Inc.
In its Q1 2018 earnings report, Snapchat has just had its slowest user growth rate ever with only 191 million Daily Active Users (DAUs). That’s up from its 187 million users, and a growth rate of 2.13%.
Find out more about what Snap reported in its first-quarter earnings report:
Revenue: $ 230,666 million vs. 149,648 million last year, up 54% year-over-year.
Average Revenue Per User (ARPU): $1.21 vs. $1.53 last year, up 34% year-over-year
Cost of Revenue Per User (CoRPU): $1.03, up 5% year-over-year.
Adjusted EBITDA: Loss was $217.9 million, an increase of 16% year-over-year.
A Graph Shows the Snapchat Quarterly Revenue by Geography ((North America, Europe & the Rest of World)
Founded on September 16, 2011, by Evan Spiegel and Bobby Murphy, Snap Inc. is an American technology and camera company based in Santa Monica, California. Snap Inc. has four products: Snapchat, Spectacles, Bitmoji, and Zenly to products empower people to express themselves, live in the moment, learn about the world, and have fun together. The company was originally named Snapchat Inc. upon its inception, but on September 24, 2016, it was rebranded as Snap Inc. in order to include the Spectacles product under a single company.