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Wireless

Snap grows revenues, loss in Q1

Thursday 11 May 2017 | 09:48 CET | News
Snap, which raised USD 3.4 billion during its IPO earlier this year, reported first quarterly results showing both sharp revenue growth and widening losses. Revenues jumped over 280 percent to USD 149.64 million while the adjusted EBITDA loss widened to USD 188.24 million from a loss of 93.23 million. The net loss went to USD 2.2 billion from 104.57 million, due to USD 2 billion in costs for stock options related to the IPO. 

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Categories: Mobile & Wireless
Companies: Snap / Snapchat
Countries: World
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