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Snap beats outlook in Q3, sees EBITDA turning breakeven in Q4

2019-10-23 08:32:00| Telecompaper Headlines

(Telecompaper) Snap reported better-than-expected results for the third quarter. The number of active daily users increased by 7 million, and revenues were up 50 percent year-on-year to USD 446 million. Adjusted EBITDA improved to a loss of USD 42 million from a loss of USD 138 million a year ago, and Snap said it expects to reach at least breakeven in Q4.

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