Snapchat
With 11 million additional daily active users joining in the last three months, Snapchat’s global user base has grown by 9% to 443 million.
However, its user count in the U.S. market has stagnated at 100 million annually.
Snap, Snapchat’s parent company, has struggled to convert its growing user base into profits.
Revenue for the third quarter rose by 15% year-over-year to $1.37 billion, slightly surpassing analyst expectations, but the company still posted a loss of $153 million—a 58% improvement from a $368.3 million loss in the same period last year.
Snap’s revenue mainly comes from advertising on the Snapchat platform.
For the upcoming quarter, including the Christmas season, Snap forecasts revenue between $1.51 billion and $1.56 billion, aligning with analysts’ higher estimates.
Following the announcement of a $500 million share buyback, Snap’s stock rose by about 7% in after-hours trading.
President Bola Tinubu has urged Nigerians to renew hope and belief in a prosperous Nigeria.…
The Abia State Government has officially launched the compensation process for individuals, corporate entities, and…
Rivers State Governor, Siminalayi Fubara, has approved the sum of ₦100,000 for civil servants, public…
Arising from his defeat at the Constitutional Court in the disputed presidential election, the opposition…
As Christians worldwide prepare to celebrate Christmas, Sir Chikwe Udensi, a security consultant with the…
Human rights lawyer and activist, Dele Farotimi has regained freedom after meeting his bail conditions.…