3q20 revenue was $678.9 million, up 52% year on year From Snap

RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.

The following is the 3q20 revenue was $678.9 million, up 52% year on year From Snap recommended by recordtrend.com. And this article belongs to the classification: Financial report of the enterprise, instant messaging , Picture sharing, social networks.

Snap, October 21, 2020（ SNAP.US ）The third quarter of 2020 results were released after the U.S. stock market closed. According to financial data, snap’s third quarter revenue was $678.9 million, up 52% from $446.2 million in the same period last year; net loss was $199.9 million, down 12% from $227.4 million in the same period last year; the diluted loss per share was 14 cents, and the diluted loss per share was 16 cents in the same period of last year; some one-off items were not included (not in accordance with US GAAP) Adjusted earnings per share were 1 cent, better than the same period last year.

Main results in the third quarter:

In the third quarter of 2020, the company’s revenue is $678.7 million, and the market is expected to be $550 million, compared with $446 million in the same period last year; the net loss is $200 million, and the expected loss is $266 million.

Snap’s total costs and expenses in the third quarter were $847 million, compared with $675 million in the same period last year; cash used in business operations was $54.8 million, compared with $76.1 million in the same period last year; free cash flow in the third quarter was – 69.6 million, compared with – 84.1 million in the same period last year.

The number of active users per day (dau) of snap in the third quarter was 249 million, an increase of 39 million compared with the same period of last year, with a year-on-year increase of 18%; on each IOS and Android platform, the number of daily active users has achieved month on month and year-on-year growth; the average number of Posts created per day in the third quarter increased by 25% year-on-year.

Snap’s third quarter revenue and adjusted earnings per share were better than Wall Street analysts had expected, and the company’s shares rose 24.01% after hours.

Via Zhitong finance and economics American Stock Research Institute

Read more: Snap:2Q20 The number of active users increased by 17% to 238 million. Snap: 2q20 revenue increased by 17% to $454 million. Snap: 1q20 revenue increased by $462.5 million Snap: 1q19, an American social platform that young people love to use, stops the decline. Snap: AR filter pushes 2q19 daily life to exceed 200 million people snap: 4q19 global user dau reaches 218.1 million, revenue reaches 561 million US dollars Snap: 2q20 daily living users increased by 17% year on year to 238 million people data interpretation of snapchat: one user contributes 0.9 US dollars in revenue in one quarter, short video service cost per user per quarter is 0.6 US dollars, snap is really good at 4q19 user realization level comparison FB is 1.7 times as much as twitter. Social duopoly and partners compete for supremacy snap: Facebook Challenger snap daily live users have increased to 190 million, but the loss is still expanding. Snap: revenue and users of the fourth quarter are back

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.