0
Wireless

Snap revenue, user growth slow in Q2

Wednesday 22 July 2020 | 09:10 CET | News
Snap reported a slowdown in revenue and user growth in the second quarter, while reducing its cash burn. Snapchat had 238 million daily active users during the quarter, up 17 percent from a year earlier and around 9 million more than in Q1. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Snap / Snapchat
Countries: World
::: add a comment
This article is part of dossier

Coronavirus


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Snap and Twitter ink deal to enable tweets in Snapchat

Published 11 Dec 2020 12:09 CET | World
Twitter has teamed up with Snap to launch a new feature that enables Snapchat users to share tweets via the messaging app. The ...

Snapchat lifts revenue 52%, reduces loss in Q3

Published 21 Oct 2020 10:29 CET | World
Snap reported higher revenues and a small profit loss in the third quarter, with better operating and free cash flows. CEO Evan ...

Nieuwsoverzicht week 30: Telxius en Vantage naar de beurs, twee 5G-netwerken live, veilingen Nederland en Luxemburg ten einde

Published 29 Jul 2020 12:35 CET | World
Afgezien van enkele kleinere overnames en desinvesteringen draaide de M&A-markt afgelopen week vooral om twee beursgangen. In ...

Snap expands content, AR experiences, developer possibilities

Published 12 Jun 2020 10:06 CET | World
Snap has announced new content deals and originals, new augmented reality and scanning features, and new developer products and ...

Snap prices increased placement of USD 850 mln worth of notes

Published 24 Apr 2020 11:33 CET | World
Snap has increased and priced its planned offering of USD 850 million worth of 0.25 percent convertible senior notes due 2025. ...

Snap reduces losses in Q1 but withholds future guidance

Published 22 Apr 2020 09:41 CET | World
Snap reported revenues for the first quarter in line with expectations, but improved its adjusted EBITDA loss more than ...

Snap reports better-than-expected results in Q4 but forecasts lower Q1

Published 05 Feb 2020 09:50 CET | World
Snap has again reported a higher-than-expected set of results for the fourth quarter, but is guiding for a lower first quarter. ...