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Snap second-quarter revenue increases 116% to nearly $1 billion Earnings reports 

Snap second-quarter revenue increases 116% to nearly $1 billion

Snap Inc. announced second-quarter revenue increased 116% to $982 million, compared to the prior year, and the net loss improved 53% to $(152) million, compared to the same period. Daily active users (DAU) were 293 million in the quarter, an increase of 55 million, or 23%, year-over-year. “Our second-quarter results reflect the broad-based strength of our business, as we grew... Read More
Snap announces tools, monetization opportunities for creators New Products News 

Snap announces tools, monetization opportunities for creators

Snap Inc. announced new tools, workflows, and monetization opportunities to support creators’ growth on Snapchat. Story Studio is Snap’s new standalone app offering editing tools to make professional content for mobile, on mobile for Snapchat and other platforms, the company said. Story Studio for iOS will launch later this year with these features: Insights into trending #Topics, Sounds, and Lenses... Read More
Perfect Corp., Snap partner for AR beauty experience News 

Perfect Corp., Snap partner for AR beauty experience

Perfect Corp., the self-described “beauty tech solutions provider” and creator of YouCam solutions, is collaborating with Snap Inc. to integrate AR beauty try-on experiences into the Snapchat platform. The partnership enables brands to bring digital and AR experiences that they’ve already created with Perfect Corp. into Snapchat and turn those experiences into Snapchat Lenses which will live on their Brand... Read More
Industry Notes for the week of July 25 Earnings reports News People on the Move Updates 

Industry Notes for the week of July 25

Pro Photography Bay Photo Lab announces “Epic Prints” Bay Photo Lab has launched “Epic Prints”,  made from Fujiflex silver-halide photographic paper with up to 610dpi resolution. They are mounted to aluminum for a sleek, thin profile from sizes from 4×4″ to 45×93″. 10,000 Headshots featured on “Today Show” The 10,000 Headshots project, featured on the Dead Pixels Society podcast, was featured... Read More
VSCO adds three new advisors People on the Move 

VSCO adds three new advisors

Popular app maker VSCO announced the addition of three advisors from diverse backgrounds from innovative companies including Facebook, Pandora, Snap, Twitter, and more. Sriram Krishnan is a seasoned product leader and investor with deep experience building monetization businesses. He served as a key product leader at Twitter where he oversaw audience growth, home timeline, trends, search, onboarding and events among... Read More
Snap appoints Chief Financial Officer and Chief People Officer People on the Move Press releases 

Snap appoints Chief Financial Officer and Chief People Officer

Derek Andersen Appointed Chief Financial Officer; Lara Sweet Appointed Chief People Officer May 20, 2019 04:55 PM Eastern Daylight Time – SANTA MONICA, Calif.–(BUSINESS WIRE)–Snap Inc. (NYSE: SNAP) today announced the appointment of Derek Andersen, currently Snap’s Vice President of Finance, as Chief Financial Officer. Mr. Andersen will take over the responsibilities of interim CFO Lara Sweet and report to... Read More
Snap announces first quarter 2019 financial results Events Press releases 

Snap announces first quarter 2019 financial results

Daily Active Users increased 2% sequentially to 190 million First quarter revenue increased 39% to $320 million Year over year revenue growth accelerated to 39%, from 36% in the prior quarter SANTA MONICA, Calif.–(BUSINESS WIRE)–Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended March 31, 2019. Financial Highlights Operating cash flow improved by $166 million to $(66)... Read More
Snap introduces “App Stories” for third-party apps News Press releases 

Snap introduces “App Stories” for third-party apps

Launch Partners Include Tinder, Houseparty, and AdventureAide Additional Snap Kit Integrations Announced with Anchor, Anghami, Breaker, Fitbit, GoFundMe, JioSaavn, Netflix, Venmo, and VSCO SANTA MONICA, Calif.–(BUSINESS WIRE)–Snap Inc. (NYSE:SNAP) today announced new Snap Kit capabilities and partnerships, including App Stories, which lets Snapchatters create custom Stories for partner apps, directly from Snapchat. Additionally, the company announced new partners across the Snap Kit ecosystem.... Read More
Snap announces fourth quarter and full year 2018 financial results Earnings reports News Press releases 

Snap announces fourth quarter and full year 2018 financial results

Fourth quarter revenue increased 36% to a record $390 million Full year revenue increased 43% to $1.2 billion Daily Active Users were flat sequentially at 186 million February 05, 2019 04:10 PM Eastern Standard Time – SANTA MONICA, Calif.—Snap Inc. (NYSE: SNAP) today announced financial results for the quarter and full year ended December 31, 2018. Financial Highlights Operating cash flow improved... Read More
Snap Inc. reports first quarter 2018 results Events Press releases 

Snap Inc. reports first quarter 2018 results

Snap Inc. Reports First Quarter 2018 Results VENICE, Calif.–(BUSINESS WIRE)– Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended March 31, 2018. First Quarter 2018 Financial Highlights: Three Months Ended March 31, Percent 2018 2017 Change (Unaudited) (dollars in thousands) Revenue $ 230,666 $ 149,648 54 % Net loss(1) $ (385,785 ) $ (2,208,837 ) (83 )%... Read More
Snap launches Spectacles 2 New Products 

Snap launches Spectacles 2

Snap is trying the hardware business again, with the launch of Spectacles 2.0, an update of first-generation camera-enabled social glasses. The first version generated a lot of buzz, especially with Snap’s use of event and experiential marketing, but not a lot of sales, resulting in a $40 million write-down. Available in Ruby, Onyx and Sapphire colors, the $149.99 Spectacles 2.0 are... Read More
Adweek: Snapchat lays off 100 staff in advertising department News 

Adweek: Snapchat lays off 100 staff in advertising department

According to Adweek, Snap‘s third-round of layoffs this year impacted 100 people from the advertising department. According to Laurie Johnson, Adweek’s senior technology editor: After cutting jobs for roughly 120 engineers earlier this month and 22 staffers across the company in January, Snapchat is downsizing its staff yet again—and its latest round of layoffs targeted its advertising department. Snap is... Read More
Analysis: What is up with Snap? Opinion 

Analysis: What is up with Snap?

Snap, the company, is an enigma. The company’s AR-powered social network/camera app is a phenomenon, yet the company itself isn’t turning heads. According to CNBC, Snap is laying off 100 engineers, accounting for 10 percent of the team. Not a great sign for an innovation-driven company. Previously, Snap has had layoffs in marketing, recruitment and content divisions. The news comes... Read More
Snap Inc. reports fourth quarter and full year 2017 results Earnings reports Press releases 

Snap Inc. reports fourth quarter and full year 2017 results

VENICE, Calif.–(BUSINESS WIRE)– Snap Inc. (NYSE: SNAP) today announced financial results for the quarter and full year ended December 31, 2017. Fourth Quarter and Full Year 2017 Financial Highlights: Three Months Ended December 31, Percent Year Ended December 31, Percent 2017 2016 Change 2017 2016 Change (dollars in thousands) (dollars in thousands) (Unaudited) (NM = Not Meaningful) (NM = Not... Read More