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Wireless

Snap resumes forecasts after 62% revenue jump, narrowed losses in Q4

Friday 5 February 2021 | 09:46 CET | News
Snap reported higher revenues and narrowed profit losses in the fourth quarter, with more user engagement. The company said it continued to invest in its camera and augmented reality platforms and strengthened its ad platform, resulting in better outcomes for advertising partners. CEO Evan Spiegel noted the company delivered its first full year of adjusted EBITDA profitability, and it would build on its investments in AR, mapping and content to drive its ongoing growth. Snap gave a guidance going forward, after withholding forecasts for the past few quarters amid the coronavirus pandemic.

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