beat expectations said daily active users rose 18% to 249 million last quarter from the year before. Revenue jumped 52% to nearly $679 million and the company posted a profit of one cent a share. Wall Street had anticipated a loss.
Snap is the first major name in the internet space this earnings season to give a glimpse into advertising trends during the quarter ended in September. It’s been pushing into direct response ads, the most lucrative. The stock rallied ahead of the numbers, flirting with an all-time high on Monday and surged nearly 20% in after hour trading Tuesday on the earnings numbers posted after market close.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Snap squeaks out unexpected, adjusted profit for the third quarter, revenue up 52%Snap on Tuesday released its third-quarter earnings results, reporting revenue of $679 million, up 52% compared to a year ago.
Source: CNBC - 🏆 12. / 72 Read more »
Navy F/A-18 crashes in California, pilot ejected safelyNEW: A Navy FA/A-18E fighter jet has crashed in California, but the pilot was able to eject safely, according to a Navy spokesman.
Source: ABC - 🏆 471. / 51 Read more »
18 Actually Funny Tweets From This WeekThe email greeting...NO.
Source: BuzzFeed - 🏆 730. / 51 Read more »
Rumer Willis 'lost virginity to older man who took advantage' when she was 18Rumer Willis has opened up about the moment she lost her virginity and the circumstances that surrounded that moment when she was a teenager
Source: Mirror Celeb - 🏆 476. / 51 Read more »
18 Teen Drama TV Boyfriends People Really, Really HateGlad to know I'm not the only one who couldn't stand Duncan Kane.
Source: BuzzFeed - 🏆 730. / 51 Read more »
Superspreader gave COVID to 18 people at St. Patrick's Day celebration in bar, CDC report showsThe 43-year-old man is believed to be responsible for half of the locally acquired coronavirus cases recorded in Ho Chi Minh City up until September 15.
Source: Newsweek - 🏆 468. / 52 Read more »