Snap Inc on Tuesday beat Wall Street targets for quarterly revenue as its photo-...
- Snap Inc on Tuesday beat Wall Street targets for quarterly revenue as its photo-messaging app Snapchat added users for the first time in three quarters, backed by the popularity of its original shows and the launch of a new Android app, sending its shares up 12 percent.
The figure, widely watched by investors and advertisers, also beat analysts’ average estimate of 187.2 million, according to IBES data from Refinitiv. “.. we announced several new products that we believe will drive further engagement and monetization,” Chief Executive Officer Evan Spiegel said in a statement.
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