• Snapchat blames controversial redesign for its first-ever decline in active users

    10 days ago - By 9to5Mac

    Snap today reported its Q2 2018 earnings, and while it exceeded expectations in terms of financials, Snapchat experienced its first-ever decline in daily active users. The company's CEO Evan Spiegel also touched on the continual evolution of Snapchat's controversial app design...
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  • Snap loses 3 million daily users in Q2, but beats revenue expectations

    Snap loses 3 million daily users in Q2, but beats revenue expectations

    10 days ago - By VentureBeat

    Snap Inc's Snapchat app unexpectedly lost users in the second quarter, the company said on Tuesday, likely adding fuel to investor fears about slowing growth in the social media sector. Daily users fell to 188 million from 191 million in the prior quarter, which could heighten investor anxiety about how competition and priva...
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  • Snap Reports Q2 2018 Earnings, Announces 188M Daily Active Users

    Snap Reports Q2 2018 Earnings, Announces 188M Daily Active Users

    10 days ago - By Android Headlines

    Snap Inc., has just reported its second quarter results for the year, and it is a bit of a mixed bag. Snap posted a loss, though it is a smaller loss than was expected. It's a $0.14 EPS loss, versus the $0.17 EPS loss that was expected. However, it did beat on revenue, coming in at $262 million for the quarter, though analysts were expecting around $250 million. However, Snap did fall short on its user numbers. It posted 188 million daily active users, which is up eight-percent year-over-year, but analysts were expecting 192 million daily active users. That is keeping the stock from really...
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