socalTECH
AUGUST 5, 2019
According to a report from CNBC , a new Chief Business Officer--Jeremi Gorman--has completely changed Snap's advertising business. Snapchat is expectedf to generate $1.36 billion in net worldwide ad revenue this year, a 30% increase over 2018, according to the CNBC report. Snapchat is expectedf to generate $1.36
L.A. Business Journal
MAY 10, 2017
parent company of Snapchat, reported a net loss of $2.2 billion (-$2.31 a share) during its first quarter as a public company, stemming mostly from stock-based compensation issued to employees for its initial public offering in March.
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socalTECH
APRIL 22, 2020
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>>.
socalTECH
FEBRUARY 6, 2019
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 billion.
socalTECH
MAY 2, 2018
Venice-based Snap , the parent company of Snapchat, missed its estimated revenue targets in Q1, reporting revenues of $230.7M consensus estimate by analysts, as the company reported issues due to the controversial user interface changes at the company during the quarter. The company reported a net loss of $385.8M
socalTECH
APRIL 24, 2019
the parent firm of Snapchat , reported its quarterly results on Tuesday afternoon, saying that its daily active users (DAU) increased by 2 percent quarter-to-quarter, to 190 million. However, Snap continues to post steep losses, saying it had a net loss of $310M in Q1 of 2019, on revenues of $320M.
socalTECH
AUGUST 8, 2018
the parent company of Snapchat , has raised $250M in the publicly held company from the Saudi royal family. The investment injection comes as Snap announced its Q2 results, where the company reported a net loss of $353.3M Venice-based Snap Inc. , percent stake in the company. READ MORE>>.
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