Tag: Snap Inc. – The Dead Pixels Society

Snap improves third-quarter revenue by 15%

October 30, 2024November 3, 2024 GaryPageau Snap Inc.

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

Investments

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

February 27, 2024March 7, 2024 GaryPageau DST Global Partners, Greylock, GV (Google Ventures), Lapse, Octopus Ventures, Pinterest, Snap Inc., Speedinvest

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

News

Imaging fashion app leader Perfect Corp. to list on NASDAQ

March 3, 2022March 3, 2022 GaryPageau Perfect, Snap Inc.

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

News

Snap fourth-quarter revenue up 62% to $911 million

February 5, 2021February 5, 2021 GaryPageau Snap Inc.

Snap Inc. reported fourth-quarter revenue jumped 62% to $911 million, while the net loss declined from $241 million to $113 million. For the year, the company shaved its loss to $945 million from $1 billion, on sales of $2.5 billion. “We’re grateful for the opportunity to serve our community and partners through this challenging period of time,” said Evan Spiegel,... Read More

New Products News

Snap announces new camera, augmented reality experiences

June 11, 2020June 12, 2020 GaryPageau Snap Inc.

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

Earnings reports Press releases

Snap announces third-quarter 2019 financial results

October 22, 2019October 24, 2019 GaryPageau Snap Inc.

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

New Products News Press releases

Snap Inc. unveils Spectacles 3

August 13, 2019August 14, 2019 GaryPageau Snap Inc., Spectacles 3

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

News Press releases

Snap announces $1 billion private offering due 2026

August 6, 2019August 8, 2019 GaryPageau Snap Inc.

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

Earnings reports Press releases

Snap announces 48 percent increase in revenue for second quarter

July 23, 2019July 24, 2019 GaryPageau Snap Inc.

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