Wednesday, February 6, 2019

Snap Revenues Up, But Company Still Posting Big Losses

Santa Monica-based Snap, the parent firm of Snapchat, reported its results on Tuesday afternoon, saying that its fourth quarter revenues were up 36 percent to a record, $390M. However, the company is still posting big losses, saying it had a net loss of $191.7M on its quarter, which ended December 31, 2018. Snap reported revenues of $1.18 billion for the ye

The story you have requested is only available to paid members of the socalTECH.com web site. Premium articles are restricted to paid members only. Please login in order to access this members-only content, or become a member.