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1q21’s total revenue was $769.6 million, up 66% year on year, and net loss narrowed year on year From Snap

The following is the 1q21’s total revenue was $769.6 million, up 66% year on year, and net loss narrowed year on year From Snap recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, instant messaging , Picture sharing, Investment & Economy.

On April 23, 2021, snapchat, the parent company of snapchat, a “burn as you read” communications application, today released its financial results for the first quarter of fiscal year 2021. According to the report, snap’s revenue in the first quarter was $769.6 million, up 66% from $462.5 million in the same period last year; The net loss was $286.9 million, down 6% from $305.9 million in the same period last year; The adjusted net profit not in accordance with U.S. GAAP was $2.551 million, compared with a net loss of $114.1 million in the same period last year.

Snap’s total costs and expenses in the first quarter were $1073 million, compared with $749 million in the same period last year. Among them, the cost of revenue was 413 million US dollars, higher than 253 million US dollars in the same period of last year; R & D expenditure was US $349 million, up from US $239 million in the same period last year; Sales and marketing spending was $150 million, up from $122 million in the same period last year; General and administrative expenses were US $162 million, up from US $135 million in the same period last year. Snap’s operating loss in the first quarter was $304 million, up 6% from $286 million in the same period last year.

Snap’s cash from business operations was $137 million in the first quarter, compared with $66.178 million in the same period last year, a year-on-year increase of 2079%. Snap’s free cash flow in the first quarter was $126 million, compared with $4.6 million in the same period last year. Snap’s total cash and cash equivalents and restricted cash holdings were $968 million at the end of the first quarter, compared with $902 million at the end of the first quarter of 2020.

Via Tencent technology read more: S nap:2Q20 On the record day of financial report teleconference, active users increased by 17% to 238 million, snap: 3q20’s revenue increased by 52% to 678.9 million, snap: 1q20’s revenue increased by 44% to 462.5 million, snap: 2q20’s revenue increased by 17% to 454 million, Facebook: 4q20’s revenue increased by 33% to 28.072 billion, exceeding expectations Users contribute $0.9 in revenue in one quarter acebook:3Q20 Zuckerberg said that the epidemic situation has increased users’ demand for the platform community. Facebook: 4q20 financial report teleconference Zuckerberg said that Apple will be a competitor in the future. Twitter: 4q20 Revenue $1.29 billion, net profit increased by 87% year on year. Microblog: 3q20 financial report teleconference hope that the middle waist brand customers will be widely spread Facebook: 3q20’s revenue was $21.47 billion, up 22% year on year. Snap: 1q19, an American social networking platform loved by young people, stopped its decline. Microblog: 3q20’s net profit was $33.8 million, down nearly 80% year on year. Facebook: the most important transformation in 15 years. After reading, snapchat CEO: 70% of users are women

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