The third-quarter 2017 report of Snap Inc. revealed widespread weakness throughout its business. Advertising rates dropped by a rate of 60% besides the small growth rate of users.
Find out more about the key highlights from Snap’s Q3 2017 earnings:
- Average daily active users: Achieved about 4.5 million new users to reach 178 million with more than 3.5 billion daily Snaps created.
- Revenue: Estimated with $208 million, up 62% year-over-year, but below the $235.5 million expected by analysts.
- Average revenue per user (ARPU): Estimated with $1.17 globally.
- Capital expenditures: Increased to $26 million up from $19 in Q2 2017.
Graph Shows the Snapchat’s Quarterly Average Daily Active Users Till Q3 2017