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Snap Revenues Rise as User Growth Slows

L.A. Business Journal

the Santa Monica-based social media company, reported earnings results for the second quarter ended June 30. While the company has beaten revenue expectations, it continues to see an increase in net loss.

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Silicon Beach Report Aug. 15: AuditBoard Nets $40 Million

L.A. Business Journal

Risk and compliance software company AuditBoard raises $40 million; Bird, Lime lead e-scooter protest in Santa Monica; Tinder sues parent company

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Profits Slide at Activision as Competitors Gain Ground

L.A. Business Journal

The Santa Monica-based video game publisher behind popular games such as “Call of Duty” and “Overwatch” saw its profits decline more than 18% from this time last year, reporting a net income of $328 million.

Slides 113
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Snap Sees Increase In Active Users, Revenue Increase

socalTECH

Santa Monica-based Snap , the parent company of Snapchat , reported its first quarter 2020 financials on Tuesday afternoon, saying that it has seen an increase in both its daily active users and revenues. Despite the increase in usage and revenues, Snap still reported a net loss of $306M in Q1 2020. READ MORE>>.

Activity 113
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Snap Revenues Up, But Company Still Posting Big Losses

socalTECH

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 Snap reported revenues of $1.18

Company 113
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Demand Media Reports Profit

socalTECH

Santa Monica-based Demand Media , the internet publishing firm headed by Richard Rosenblatt, reported its fourth quarter and fiscal 2010 results today, the first as a public company. The firm also reported net income of $1.0M, versus $3.9M The firm also reported net income of $1.0M, versus $3.9M

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Super League Gaming Sees IPO, But Drops In Debut

socalTECH

Santa Monica-based Super League Gaming had its IPO on Tuesday, debuting at $11.00 The company reported in its S-1 that it had a net loss of $20.62M for the year ended December 31, 2018, on sales of $1.04M. in its initial trading, but falling more than 22 percent during the day to close down at $8.50 READ MORE>>.