Snapchat growth sends Snap, Inc share price soaring
Posted on: 7 février 2018, by : Stuart Dredge

Since its IPO last year, Snapchat parent company Snap, Inc has had a rough time of it on Wall Street, with investors uneasy about the social app’s sluggish growth.
Yesterday brought some good news for the company in its latest financial results though: it beat analyst forecasts with stronger-than-expected growth, and saw its share price soar by more than 25% as a result.
The key stats from the final quarter of 2017: Snapchat ended the year with 187 million daily active users, up 18% year-on-year and 5% quarter-on-quarter. Meanwhile, the company’s revenues grew by 72% year-on-year to $285.7m.
The post Snapchat growth sends Snap, Inc share price soaring appeared first on Music Ally.
Source: Music ally

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