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Wireless

Snap grows user base in better-than-expected Q1

Wednesday 24 April 2019 | 09:38 CET | News
Update: 24 April 2019 | 11:35 CET
Snap, the owner of the Snapchat app, said revenues passed expectations and that its user base rose 2 percent from the previous quarter. Revenues for the quarter jumped 39 percent from the year before to USD 320.42 million. The net loss narrowed to USD 310.40 from a loss of 385.78 million while the adjusted EBITDA loss reduced to USD 123.44 million, also better than expected, from a loss of 217.86 million. Operating cash flow continued to improve but still remained negative, at an outflow of USD 66.17 million from one of 231.31 million year-on-year.

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[24/04/2019 11:35 - Update: added results for the first quarter of 2019]


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