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02-07-2018, 05:11 AM
Snapchat just did something crazy. It beat expectations.
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Snapchat (https://mashable.com/category/snapchat/) has a reputation. Yes, for sexting, but also for its inability to impress investors. That narrative changed on Tuesday after Snap Inc. scored a massive beat on its quarterly earnings report, recapping revenue and user growth 2017.
To the surprise of investors, Snap reported that both its user growth and revenue growth are accelerating. The company brought in $285.7 million, beating expectations of $252.8 million. The app now reaches 187 million daily active users, up from 178 million in the last quarter and a bump of 18 percent year over year.*
SEE ALSO: Snapchat opens Snap Store in app. Yes, there's a Streaks hat. (https://mashable.com/2018/02/01/snapchat-snap-store-streaks-hat-dancing-hot-dog-plush/) Read more... (https://mashable.com/2018/02/06/snapchat-2017-earnings-evan-spiegel-187-million-daily-active-users/)
More about Facebook (https://mashable.com/category/facebook/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Snapchat (https://mashable.com/category/snapchat/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Evan Spiegel (https://mashable.com/category/evan-spiegel/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Snapchat Stories (https://mashable.com/category/snapchat-stories/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Snap Inc (https://mashable.com/category/snap-inc/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)https://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1517959216 (https://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1517959216)
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Snapchat (https://mashable.com/category/snapchat/) has a reputation. Yes, for sexting, but also for its inability to impress investors. That narrative changed on Tuesday after Snap Inc. scored a massive beat on its quarterly earnings report, recapping revenue and user growth 2017.
To the surprise of investors, Snap reported that both its user growth and revenue growth are accelerating. The company brought in $285.7 million, beating expectations of $252.8 million. The app now reaches 187 million daily active users, up from 178 million in the last quarter and a bump of 18 percent year over year.*
SEE ALSO: Snapchat opens Snap Store in app. Yes, there's a Streaks hat. (https://mashable.com/2018/02/01/snapchat-snap-store-streaks-hat-dancing-hot-dog-plush/) Read more... (https://mashable.com/2018/02/06/snapchat-2017-earnings-evan-spiegel-187-million-daily-active-users/)
More about Facebook (https://mashable.com/category/facebook/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Snapchat (https://mashable.com/category/snapchat/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Evan Spiegel (https://mashable.com/category/evan-spiegel/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Snapchat Stories (https://mashable.com/category/snapchat-stories/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Snap Inc (https://mashable.com/category/snap-inc/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)https://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1517959216 (https://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1517959216)
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