8 min listen
Snapchat revives growth in Q1 beat with 190M users as share price spikes
Snapchat revives growth in Q1 beat with 190M users as share price spikes
ratings:
Length:
6 minutes
Released:
Apr 25, 2019
Format:
Podcast episode
Description
Snapchat appears to have turned the corner after a year of flat or negative user growth thanks to a strong Q1 2019 earnings report. It reached 190 million daily active users, up 2 percent from 186 million in Q4 2018 but still down from 191 million a year ago, in part thanks to its newly reengineered Android app. Snap saw $320 million in revenue and -$0.10 non-GAAP EPS, beating Zack’s consensus estimates of $306 million and -$0.12 EPS, with revenue up 39 percent year-over-year.
Released:
Apr 25, 2019
Format:
Podcast episode
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