The company reported ($2.31) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($2.05) by $0.26.
Snapchat'sdaily active users rose to 173 million, compared with the 166 million reported in the previous quarter, but continues to trail many of its rivals. The Company's flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. (NYSE:SNAP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission.
Snap reporter ARPU, or average revenue per user, of $1.05 on the quarter. Earlier this year, Snap began selling Spectacles to all us consumers via its website, and in June, it began selling the wearable in Europe via its website and vending machines as well.
While the key measure of daily active users (DAU) was up 4% for Q2, the app still lagged behind its expected growth in users. The stock price which was at a reasonably healthy $17 when the company went public in March has now tumbled below $14 and the sales of Snapchat Spectacles have started to dry up despite being available to buy in more places than ever.
The anemic growth renews investor concerns that the messaging platform is struggling to grow into a mainstream service in the face of fierce competition from Facebook.
Also weighing on Snap shares is the end of a six-month period in which employee-shareholders couldn't sell their stock.
The Bernstein Brief: QB Battle Out Of Bears' Control
Ditka thinks the decision is obvious and says Trubisky made a better first impression than guys like Tom Brady and Fran Tarkenton. Either way, this Chicago Bears quarterback situation is off to one hell of a start here in the first week of preseason action.
Mets Radio Broadcaster Fed Up With ESPN-Delayed Start
It was only two years ago that the Mets ousted the Dodgers in the NLDS, but now the gap between the teams couldn't be much wider. Give the wild-card victor the third game at home and the other four games you play at the team with the best record.
The most unique part of Snapchat is the "stories" feature and now that Facebook and Instagram have their own version of stories and it is a lot more successful than Snapchat is!
Yes, Snapchat is far from the only young company to have sentiment turn against it.
But Blau said growth doesn't necessarily have to be Snap's primary focus if the company is able to make money from the users it does attract. The pair's post-IPO lockup will expire Monday.
Until now. Facebook's Instagram Stories, a clear Snapchat clone, has more daily users than Snapchat itself and parent company Snap Inc. should be very anxious. "We believe deeply in the long term success of Snap", Spiegel said.
Snap has not delivered on either front.
Excluding certain items, Snap lost 16 cents per share in the second quarter. Snaps are viewed primarily through the Snapchat application, but can also be embedded on the Web or on television in certain circumstances. Oppenheimer & Co. Inc. acquired a new stake in shares of Snap during the first quarter worth $369,000. Its confirmed acquisition of the ad company Placed will be reflected in its third-quarter financials, as that deal was closed in July. That seemed to suggest that Snap thinks it will eventually have opportunities to sell ads within the feature. An analyst asked Spiegel to specifically explain the so-called growth-hacking techniques - things like sending lots of push notifications that are created to boost app usage - he opposes. The analyst asked which types of techniques Spiegel didn't like.
Disney dropped 5.2 percent as it reported flat third-quarter revenues due in part to weakness in its cable subscription business. The technology-focused Nasdaq Composite Index (NYSEARCA:QQQ) reversed course to finish down 0.2% at 6,370.46.
System notifications will now be surfaced via the Quick Menu, so you don't need to head back to your home screen to see them. Expect 5.00 sometime in the near future alongside an overhauled PlayStation App that isn't quite as useless as it now is.
In addition, guests will have an opportunity to learn about the sun, space, what makes an eclipse and how to view it safely . After glancing at the Sun, turn away and remove your filter - do not remove it while looking at the Sun.
The officer gave Orr one more final warning that he would be forced to use a Taser if he didn't comply with his demands. Smith is still on medical leave, but he told WJCL that he wants to return to the department by the start of next year.
The baby was not injured in the incident and is home safe with its family. "I don't want anyone near my child anymore", she said. The girls attempted to explain away their actions by saying they were merely reaching for a bottle to feed the crying baby.
Lim has been suffering from high blood pressure and stomach pains, according to letters to his friends. The US leader was reacting to a report over North Korea considering a strike on US territory Guam.
Zuma had survived six previous attempts to unseat him in parliament, but this was the first to be held by secret ballot. Across the country, there were huge marches and protests as the elected leaders debated the issue of Zuma's removal.
Make sure the worst score you make is a bogey and give yourself a couple of good chances on the easier holes". It was a big advantage to be in the fairway, and Olesen had only a 7-iron into 18th green.
Placing Albert on the reserve/retired list means his contract is paused, and the Jaguars retain his rights. He participated in the first three practices and was in the facility working out on fourth day of camp.
While US President Donald Trump continues his tough talk against North Korea, there has been an unusual protest on his home front. You can see the resemblance of the inflatable chicken near the White House today (below) to that mall mascot statue (above).
Harding demurred, saying: "It's not for me to say, I don't really like talking about the other girls if it's a personal thing". Whilst you're here, check out what Sarah had to say about her relationship with fellow Girls Aloud star Cheryl previously.
Google Hosts Town Hall to Discuss Diversity in Its Ranks
Google regularly holds town hall meetings but this one is expected to be a little different in light of the recent memo post. One question asks how Google will protect female employees who have been harassed online for criticizing the memo.
Is pressure from BJP pushing AIADMK factions to merge?
On August 7, Palanisamy said he expects the much-anticipated-but-delayed merger of the two factions of the AIADMK. Palaniswami on Thursday declared as null and void the appointment as party Deputy General Secretary of T.T.V.
Google fires employee behind anti-diversity memo
The NLRB guarantees workers the right to engage in "concerted activities" for "mutual aid or protection," according to CNBC . Pichai said parts of the 3,300-word manifesto crossed the line by "advancing harmful gender stereotypes" in the workplace.
French Soldiers Injured in Car Ramming in Paris Suburb
French government spokesman Christophe Castaner said the Paris prosecutor's office has opened a counterterrorism investigation. Operation Sentinelle guards major Parisian sites from terrorist attacks, such as the recent knife scare at the Eiffel Tower .
Guillen's advice on Moncada: 'Just let him play'
He and Moncada were chasing Darwin Barney's bases-loaded blooper when the second baseman kneed a sliding Garcia in the head. Both players were removed from the game immediately after assistance from both the White Sox and Blue Jays medical staffs.
Disney unveils statue honoring boy killed by alligator
Graves' dad jumped in and attempted to pry open the gator's jaws - with no luck - as a second gator attacked him. The gold and blue statue, marked with two stars, was placed near where the June 14, 2016, tragedy happened.
Total solar eclipse 2017: Everything you need to know
Total solar eclipses occur every year or two or three, often in the middle of nowhere like the South Pacific or Antarctic. The 70-mile-wide swath of land where the full spectacle can be seen stretches from OR to SC , with 12 states in its path.