0
Wireless

Snap sees drop in active users in Q2, revenues still up 44%

Wednesday 8 August 2018 | 08:54 CET | News
Snap reduced its losses and grew revenues in the second quarter but showed a drop in users of its app Snapchat. Daily active users totaled 188 million in Q2, up 8 percent from a year earlier but 2 percent less than in Q1 this year. Average revenue per user increased 34 percent year-on-year to USD 1.40, and total revenues rose 44 percent to USD 262 million.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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

Add 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 creates position of head of diversity and inclusion

Published 24 May 2019 09:51 CET | World
Snap has hired Oona King, the former director at Google of its diversity strategy, to be the company's first head of diversity ...

Snap grows user base in better-than-expected Q1

Published 24 Apr 2019 09:38 CET | World | Update: 24 Apr 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 ...

Snap appoints new chief communications officer

Published 11 Dec 2018 11:20 CET | World
Snap CEO Evan Spiegel has appointed Julie Henderson as the company's new chief communications officer. Henderson will report ...

Snap users fall again in Q3 while revenues hit new record

Published 26 Oct 2018 09:26 CET | World
Snap reduced its losses and grew revenues in the third quarter but showed another drop in users of its app Snapchat, a trend ...

Snapchat launches own TV series Snap Originals

Published 10 Oct 2018 12:50 CET | World
Snapchat has launched a new format for its original video programming. Snap Originals are TV shows developed exclusively for the ...

Snap aiming for FY profitability in 2019 - CEO

Published 05 Oct 2018 14:34 CET | World
Snap CEO Evan Spiegel is aiming to reach a goal of full-year profitability in 2019, according to a memo seen by news service ...

Snapchat, Amazon roll out visual product search

Published 25 Sep 2018 09:52 CET | World
Snapchat has announced that it's partnering with Amazon to introduce a new visual search feature, confirming earlier reports. The ...

Snap Q2: toekomst onzeker

Published 09 Aug 2018 14:07 CET | World
Snap heeft in het tweede kwartaal de ARPU (opbrengst per gebruiker per maand) weten te vergroten met 33 procent, terwijl de DAU ...

Snap ziet daling in gebruikers in Q2, omzet stijgt 44 procent

Published 08 Aug 2018 11:42 CET | World
De gemiddelde omzet per gebruiker nam met 34 procent toe naar USD 1,40. De totaalomzet steeg in Q2 op jaarbasis met 44 procent ...

Twitter lifts profit, revenues but loses users in Q2

Published 27 Jul 2018 13:43 CET | World
Following a strong start to the year, Twitter delivered another set of solid results for the second quarter, with revenues ...

Snap tries to bring back the old Snapchat

Published 14 May 2018 09:42 CET | United States
Snap has started implementing new design changes to its Snapchat app, following calls for the company to bring back its original ...

Snap takes executive from Amazon to succeed CFO Vollero from 15 May

Published 08 May 2018 08:49 CET | World
Stone has been at Amazon since 1998, working in a number of roles, including VP of finance and VP of physical stores. He's also ...

Snap growth slows in Q1 as app redesign weighs on results

Published 02 May 2018 09:33 CET | World
Snap reduced its net loss for the quarter to USD 385.78 million from a loss the year earlier of over USD 2.2 billion. The ...

Snap launches new version of Spectacles

Published 26 Apr 2018 16:23 CET | United States
Snap has launched a new version of its Spectacles. The eyewear allows users to record what they're seeing or take photos and ...

Snapchat adds Snappable AR lenses, to test commercials in shows

Published 26 Apr 2018 10:26 CET | World
Snap announced the launch of Snappables, new lenses for users of the Snapchat app to play augmented reality games with friends. ...

Snapchat adds group video calls for up to 16 users

Published 04 Apr 2018 10:11 CET | World
Snapchat has announced the launch of a number of new features, including group video calls for up to 16 people simultaneously via ...