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Snap announces fourth quarter increased 14% Earnings reports 

Snap announces fourth quarter increased 14%

GaryPageau
Snap Inc. announced full-year revenue was $5,361 million in 2024, compared to $4,606 million in the prior year, an increase of 16% year-over-year. Net loss was $698 million in 2024, compared to $1.322 billion in the prior year. Fourth-quarter revenue was $1,557 million, compared to $1,361 million in the prior year, an increase of 14% year-over-year and net income was... Read More
Snap improves third-quarter revenue by 15% Earnings reports News 

Snap improves third-quarter revenue by 15%

GaryPageau
Snap Inc. reported third-quarter revenue was up 15% year-over-year to $1.373 billion, while the next loss improved more than 50% to $153 million. “I’m proud of the team’s progress this quarter, delivering strong community growth and deepening engagement while driving improved financial performance,” said Evan Spiegel, CEO. “Our investments in AI and AR are powering new creative experiences for our... Read More
London’s Lapse closes $30 million Series A round for Gen-Z friendly photo sharing network Investments 

London’s Lapse closes $30 million Series A round for Gen-Z friendly photo sharing network

GaryPageau , , , , , , ,
    Friends-focused photo-sharing app Lapse, based in London, has closed an oversubscribed $30 million Series A round. Co-led by Greylock and DST Global Partners, preeminent investors in the Internet technology sector, existing investors GV (Google Ventures), Octopus Ventures, and Speedinvest returned to participate alongside high-profile angel investors Naveen Gavini (former Chief Product Officer at Pinterest), Soleio (designer and investor), Nima Khajehnouri (former VP of... Read More
Imaging fashion app leader Perfect Corp. to list on NASDAQ News 

Imaging fashion app leader Perfect Corp. to list on NASDAQ

GaryPageau ,
Perfect Corp. has entered into a definitive agreement and plan of merger with Provident Acquisition Corp., a publicly-traded special purpose company, that sets the enterprise value of Perfect Corp. at US$1.02 billion. The business combination is expected to provide Perfect Corp. with up to US$335 million in gross proceeds, including US$50 million from concurrent PIPE transaction, US$55 million from the... Read More
Snap announces new camera, augmented reality experiences New Products News 

Snap announces new camera, augmented reality experiences

GaryPageau
Snap Inc. announced new camera and augmented reality experiences for developers, creators, and Snapchatters: Lens Studio is a free desktop application designed for developers and artists to build and distribute AR Lenses on Snapchat. Lens Studio now features SnapML, which lets any developer bring their own machine learning models to power Lenses. Now, anyone can create their own Lenses with... Read More
Snap announces third-quarter 2019 financial results Earnings reports Press releases 

Snap announces third-quarter 2019 financial results

GaryPageau
Daily Active Users increased 13% year-over-year to 210 million Revenue increased 50% year-over-year to $446 million Operating cash flow improved 43% year-over-year to $(76) million SANTA MONICA, Calif.–(BUSINESS WIRE)–Snap Inc. today announced financial results for the quarter ended September 30, 2019. Financial Highlights Operating cash flow improved by $56 million to $(76) million in Q3 2019, compared to the prior... Read More
Snap Inc. unveils Spectacles 3 New Products News Press releases 

Snap Inc. unveils Spectacles 3

GaryPageau ,
New Spectacles Capture the World in 3D SANTA MONICA, Calif.–(BUSINESS WIRE)–Snap Inc. today unveiled Spectacles 3, the latest version of Spectacles sunglasses delivering innovative design with dual HD cameras to empower creativity in 3D. Shipping in fall 2019, Spectacles 3 capture depth and dimension the way our eyes do. This new ability provides a rich 3D canvas for self-expression and... Read More
Snap announces $1 billion private offering due 2026 News Press releases 

Snap announces $1 billion private offering due 2026

GaryPageau
SANTA MONICA, Calif.–(BUSINESS WIRE) — Snap Inc. announced today that it intends to offer, subject to market conditions and other factors, $1.0 billion principal amount of convertible senior notes due 2026 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, or the Securities Act. Snap also intends to grant... Read More
Snap announces 48 percent increase in revenue for second quarter Earnings reports Press releases 

Snap announces 48 percent increase in revenue for second quarter

GaryPageau
Daily Active Users increased 8% year-over-year to 203 million Revenue increased 48% year-over-year to $388 million Adjusted EBITDA improved 53% year-over-year to $(79) million SANTA MONICA, Calif.–(BUSINESS WIRE)– Snap Inc. today announced financial results for the quarter ended June 30, 2019. Financial Highlights Operating cash flow improved by $104 million to $(96) million in Q2 2019, compared to the prior year. Free Cash Flow improved... Read More