×
27 661
Fashion Jobs
TIFFANY & CO
IT Business Analyst, Mobile Experience
Permanent · New York
LA MER
Luxury Skincare Sales Manager - 37.5Hrs - Lamer - (Willowbrook) - Wayne, nj
Permanent · Wayne
MAC
Vice President, Gbsc - Mac
Permanent · New York
TIFFANY & CO
Compliance Analyst, Legal
Permanent · Parsippany-Troy Hills
ESTÉE LAUDER COMPANIES
Vice President, Strategy, New Business Development & Analytics, North America
Permanent · New York
CLINIQUE
Retail Beauty Sales Manager - 40Hrs - Clinique - (st. Clair) - Fairview Heights, il
Permanent · Fairview Heights
ESTÉE LAUDER COMPANIES
Manager, Capital Markets
Permanent · Melville
CLINIQUE
Retail Beauty Sales Manager - 40Hrs - Clinique - (West County) - Des Peres, mo
Permanent · St. Louis
CLINIQUE
Manager, Digital Production - Clinique Global Online
Permanent · New York
TIFFANY & CO
Lead Developer - CRM
Permanent · New York
TOM FORD BEAUTY
Business Manager - 40 Hours - Tom Ford - 59th Street Bloomingdales - New York,ny
Permanent · New York
ESTÉE LAUDER
Retail Beauty Sales Manager - Estee Lauder - San Antonio,tx
Permanent · San Antonio
JBCSTYLE
Freelance Ecommerce Operations Program Manager (sf)
Permanent · SAN FRANCISCO
JBCSTYLE
Sales Representative
Permanent · LOS ANGELES
JBCSTYLE
Director of E-Commerce & Digital Marketing
Permanent · LOS ANGELES
JBCSTYLE
Account Executive
Permanent · NEW YORK
CLINIQUE
Clinique Consultant - Freelancer - Clinique Macys Center City
Permanent · Philadelphia
CLINIQUE
Clinique Consultant pt Pleasanton - ca
Permanent · Pleasanton
CLINIQUE
Clinique Consultant ft Newark, ca
Permanent · Newark
CLINIQUE
Clinique - Associate Consultant - San Leandro, ca
Permanent · San Leandro
ULTA BEAUTY
Retail Sales Manager-Bryant Square
Permanent · Edmond
ULTA BEAUTY
Salon Manager-Duff Plaza
Permanent · Ames

Snap adds more users, still misses quarterly revenue estimates

By
Reuters API
Published
Feb 4, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Snap Inc added more users to photo messaging app Snapchat in the fourth quarter, but missed Wall Street estimates for revenue on Tuesday, hurt by a shorter holiday season.




Popular for its photo visual effects which allow users to change gender in photos and add dog face filters, Snap had earlier warned its peak advertising demand period, which runs between the Black Friday and December holidays, had one fewer week.

Despite stiff competition from Facebook Inc's Instagram and newer apps like TikTok for user's screen time, Snap said its daily active users (DAU) rose 4% to 218 million in the three months ended Dec. 31, from the prior quarter.

The user metric stood at 186 million a year earlier.

DAU, which represents the number of people using the app on a daily basis and is a widely watched metric by investors and advertisers, was above analysts' average estimate of 215.04 million, according to IBES data from Refinitiv.

Average revenue per user jumped 23% to $2.58 during the quarter from a year earlier.

Revenue, which the company generates from selling advertising on Snapchat, rose 44% to $560.88 million, but missed the average analyst estimate of $563.03 million.

"Given the substantial long-term opportunities ahead, we are working hard to scale our revenue so that we are able to self-fund our investments in the future," Chief Executive Officer Evan Spiegel said in prepared remarks.

Snapchat has only 0.5% of worldwide digital ad revenue, while Facebook accounts for 21.1%, according to a report by market researcher eMarketer.

Snap's net loss widened to $240.7 million (184.7 million pounds), or 17 cents per share, from $191.67 million, or 14 cents per share, a year earlier.

The company expects first-quarter revenue in the range of $450 million to $470 million. Analysts on average were expecting $461.6 million.
 

© Thomson Reuters 2020 All rights reserved.

Tags :
Others
Business