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Wireless

Snapchat lifts revenue 52%, reduces loss in Q3

Wednesday 21 October 2020 | 10:29 CET | News
Snap reported higher revenues and a small profit loss in the third quarter, with better operating and free cash flows. CEO Evan Spiegel said times were challenging but that the company's focus on delivering value for its community and advertising partners was yielding positive results. Spiegel noted also that the adoption of augmented reality was going faster than expected and that the company was therefore going to focus on taking advantage of those opportunities.

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