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In what could be a harbinger of pain to come for other tech firms like Google<\/a> and Meta<\/a> that rely on digital ads to make their money, Snap<\/a> said that revenue in the recently ended quarter grew just 6 percent to $1.13 billion when compared to the same period the previous year.
Snap reported that it lost $360 million in the quarter, compared with a $72 million loss in the third quarter of last year.
That came despite the number of daily users climbing 19 percent to 363 million in the same year-over-year comparison, Snap reported. Snap shares were down some 26 percent to $7.97 in after-market trades.
Snap chief executive Evan Spiegel said in the earnings report that the user growth \"expands our long-term opportunity as we navigate this volatile macroeconomic environment.\"
The loss in the recently ended quarter included $155 million in restructuring charges.
Snap in August confirmed a plan to cut 20 percent of staff, as the photo-centric messaging app worked to dig itself out amid competition and revenue woes.
A hit with young internet users in its early days, Snapchat has remained a small player in the social networking space as competition from other apps, such as TikTok, has grown ever more intense.
\"We must now face the consequences of our lower revenue growth and adapt to the market environment,\" Spiegel said in a note when announcing the decision \"to reduce the size of our team by approximately 20 percent.\"
Like other social networks, Snap has taken a hit as advertisers have tightened their belts, as well as from new privacy changes by Apple<\/a> that have bitten into firms' sales of costly but highly targeted ads.
\"This quarter we took action to further focus our business on our three strategic priorities: growing our community and deepening their engagement with our products, reaccelerating and diversifying our revenue growth, and investing in augmented reality,\" Spiegel said.
Snap also announced that its board of directors has authorized the buyback of as much as $500 million worth of the Southern California-based internet firm's shares.
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放缓Snapchat父母收入发送股票一落千丈
可能预示着痛苦来其他科技公司像谷歌和元依靠数字广告来赚钱的,提前说,最近结束的季度收入仅增长了6%,至11.3亿美元,与去年同期相比。
在什么可能是一个痛苦的前兆等其他科技公司谷歌和元依靠数字广告来赚钱的,提前说,最近结束的季度收入仅增长了6%,至11.3亿美元,与去年同期相比。
提前报道,本季度亏损3.6亿美元,而去年第三季度亏损7200万美元。
,尽管日常用户的数量在同一同比攀升19%至3.63亿比较,提前报告。把股价下跌26%至7.97美元,在盘后交易。
临时首席执行官埃文明镜在收益报告说用户增长“扩展我们的长期机会当我们浏览这个不稳定的宏观经济环境。”
最近结束的季度亏损包括1.55亿美元的重组费用。
提前确认8月计划削减20%的员工,很多消息传递应用程序的工作为摆脱在竞争和收入问题。
受到年轻互联网用户在其早期,Snapchat一直保持一个小角色在社交网络领域的竞争从其他应用程序,如TikTok的竞争就越来越激烈。
“我们现在必须面对的后果降低收入增长和适应市场环境,“明镜宣布决定时在一份报告中称“我们团队的大小减少大约20%。”
与其他社交网络一样,提前采取了打击已经缩减广告开支,以及从新的隐私的变化苹果咬到公司的销售成本,但具有高度针对性的广告。
“这个季度我们进一步采取行动,我们的业务集中在三个战略重点:越来越多的与我们的产品,我们的社区和深化订婚重新加速和多样化我们的收入增长,投资于增强现实,“明镜说。
提前还宣布,其董事会授权的回购价值高达5亿美元的南部加州网络公司的股票。
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