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Snap Q4 results better than expected, with user base stable, reduced losses
2019-02-06 08:45:00| Telecompaper Headlines
(Telecompaper) Snap, the owner of the Snapchat app, reported revenues for the fourth quarter up 36 percent year-on-year to USD 390 million, better than the company's guidance. Its gross margin improved sharply to 45 percent, and the operating loss narrowed to USD 195 million. The adjusted EBITDA loss reduced to USD 50 million from USD 159 million a year ago, also better than expected, and the net loss was USD 192 million, compared to a loss of USD 350 million in Q4 2017.
Tags: results
user
base
expected
Superdry hopes for cold snap after "challenging" H1
2018-11-08 10:02:00| Daily apparel & textile news and comment - from just-style.com
UK clothing retailer Superdry says while it is yet to see a sustained period of seasonally typical weather, the group has made "significant" progress in the first half against a challenging backdrop
Tags: cold
challenging
hopes
snap
Snap Kitchen Rolls Out Compostable Packaging
2018-11-02 21:08:00| Waste Age
The new packaging will help the company reduce its use of plastic by 500,000 pounds a year.
Tags: kitchen
packaging
rolls
snap
Snap users fall again in Q3 while revenues hit new record
2018-10-26 09:26:00| Telecompaper Headlines
(Telecompaper) Snap reduced its losses and grew revenues in the third quarter but showed another drop in users of its app Snapchat, a trend expected to continue in Q4. Revenues rose 43 percent to a record USD 298 million, better than the company's outlook, and the adjusted EBITDA loss narrowed to USD 138 million from USD 179 million, also better than forecast.
Snapchat launches own TV series Snap Originals
2018-10-10 12:50:00| Telecompaper Headlines
(Telecompaper) Snapchat has launched a new format for its original video programming. Snap Originals are TV shows developed exclusively for the mobile app, with new 5-minute episodes released each day.
Tags: series
snap
launches
originals
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