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posted on 30 September 2017

Snapchat Is Still Burning Money


-- this post authored by Felix Richter

Snap just reported its financials for the second quarter and its losses have continued to widen.

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Even though the company behind the Snapchat photo app saw its revenue rise 153 percent on the same period last year to $181.7 million, its losses nearly quadrupled to $443 million. The quarterly losses came to about $0.16 per share, outpacing analysts' expectations of $0.10 per share. The figures triggered a slide in Snap's stock price which fell nearly 13 percent in after hours trading.

Infographic: Snapchat Is Still Burning Money | Statista You will find more statistics at Statista.

See also Snapchat Has 173 Million Daily Users.

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