Digital Marketing Researches & Reports

Snap Inc. Q3 2017 Earnings Report | Snap Inc.

| Global

The third-quarter 2017 report of Snap Inc. revealed widespread weakness throughout its business. Advertising rates dropped by a rate of 60% besides the small growth rate of users.

Find out more about the key highlights from Snap’s Q3 2017 earnings:

  • Average daily active users: Achieved about 4.5 million new users to reach 178 million with more than 3.5 billion daily Snaps created.
  • Revenue: Estimated with $208 million, up 62% year-over-year, but below the $235.5 million expected by analysts.
  • Average revenue per user (ARPU): Estimated with $1.17 globally.
  • Capital expenditures: Increased to $26 million up from $19 in Q2 2017.
Snap Inc. Q3 2017 Earnings Report | Snapchat Revenue of the Q3 2017

Graph Shows the Snapchat’s Quarterly Average Daily Active Users Till Q3 2017

Snap Inc.

Technology & Entertainment

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.

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