Snap reported revenue growth of 66%, surpassing all Wall Street forecasts

News

Snap reported revenue growth of 66%, surpassing all Wall Street forecasts

27.04.2021 News

Shares of Snap Inc. rose sharply on Friday, offsetting last week’s decline as investors praised its financial report.

Key Snap figures for the 1st quarter of 2021

  • For the first three quarters of this year, Snap reported a break-even point per share, while analysts’ average estimates were reduced to a 6 percent loss per share.
  • Revenues increased by 66% compared to the same quarter in 2020 and amounted to $ 770 million, which exceeds Wall Street’s expectations of $ 743.8 million.
  • Snap maintained a high growth rate of global active users (DAU) of 22% to 280 million compared to analysts’ forecast of 275 million. Growth was achieved mainly through the addition of international users, while in North America and Europe the increase was a modest 5% and 9% respectively.
  • The average revenue per Snapchat user in the first quarter of 2021 was $ 2.74, which is slightly higher than the forecast of $ 2.72.

 

Other articles

  • Gas stations were obliged to warn of rising fuel prices
    News

    Gas stations were obliged to warn of rising fuel prices

    The Cabinet of Ministers has introduced a mandatory declaration of an increase in retail prices for gasoline and diesel fuel by more than 1%. Now the price increase must be reported in 20 days. This is stated in Government Resolution №450 of March 29, 2021, which was updated. The list of socially significant goods to […]

  • The UN has improved its GDP forecast this year
    News

    The UN has improved its GDP forecast this year

    The United Nations has raised its GDP growth forecast to 5.4% (from 4.7% in January) in 2021. This is stated in the report of the organization. According to the UN, after a sharp decline of 3.6% in 2020, the world economy is expected to grow by 5.4% this year. It is noted that global growth […]

  • Bezos sold Amazon shares for $ 6.7 billion
    News

    Bezos sold Amazon shares for $ 6.7 billion

    Amazon founder and CEO Jeff Bezos sold shares of the company worth about $ 6.7 billion for the period from 3 to 10 May. This was reported by Interfax on Wednesday, May 12, citing data from the Securities and Exchange Commission (SEC). In particular, from May 3 to 6, Bezos sold 1.48 million shares for […]

  • Lowcost will start flying from Kyiv to the UAE
    News

    Lowcost will start flying from Kyiv to the UAE

    Wizz Air will start operating regular flights between Kiev and Abu Dhabi from July 1, 2021. This was announced on Monday, May 10, CTS with reference to the information published by the carrier. It is specified that flights from Ukraine will be carried out from the airport in Borispol. “Flights will be operated three times […]

  • Ukraine’s reserves have grown by a billion dollars
    News

    Ukraine’s reserves have grown by a billion dollars

    In April, Ukraine’s international reserves increased by $ 965.30 million (by 3.6%) and as of May 1 amounted to $ 28 billion. This was reported on the website of the National Bank. “In April, they increased by 3.6%, taking into account foreign exchange earnings in favor of the government and the revaluation of financial instruments,” […]

  • Musk became the “most expensive” CEO in the United States
    News

    Musk became the “most expensive” CEO in the United States

    The founder of Tesla and SpaceX, Elon Musk, became the highest paid CEO in the United States last year, according to Forbes magazine. The publication reminds that in 2018 Musk gave up his salary at Tesla. Instead, he receives a reward in the form of options on the company’s shares. In 2020, the businessman received […]

  • Ford recalls more than 660,000 SUVs in North America
    News

    Ford recalls more than 660,000 SUVs in North America

    American carmaker Ford is recalling more than 661,000 Ford Explorer crossovers in North America due to problems with disconnecting the roof rails. Reuters reported this the day before. The US National Highway Traffic Safety Administration requested a recall. If necessary, the dealer will install special pins and replace the damage. Since the beginning of 2020, […]

  • Oil is rising due to a hacker attack in the United States
    News

    Oil is rising due to a hacker attack in the United States

    World oil prices of reference brands began the working week with a moderate increase amid disruptions in the US Colonial Pipeline after a hacker attack. This is evidenced by trading data on Monday, May 10. Thus, July futures for Brent on the London Stock Exchange ICE Futures rose by $ 0.57 (0.83%) – to $ […]

Read also

Snap reported revenue growth of 66%, surpassing all Wall Street forecasts
News

Lamborghini has set the car sales record

In September 2020, the Italian company Lamborghini sold 738 cars worldwide. This is a new record for the company, according to its website. At the same time, in the third quarter of 2020, 2,083 Lamborghini cars were sold worldwide. In the spring of this year Lamborghini was forced to close all its plants for two […]

Next
Snap reported revenue growth of 66%, surpassing all Wall Street forecasts
News

VW is close to an agreement with the California regulator, by which before wasn’t approved the plan about withdrawal cars

Volkswagen AG, probably close to an agreement with the California regulator, who previously rejected a proposal by the German automaker recall cars in the framework of the settlement of the consequences of “diesel scandal”. Mary Nichols, head of the California Air Resources Board Protection (California Air Resources Board, CARB) said that the negotiations with Volkswagen […]

Next
Snap reported revenue growth of 66%, surpassing all Wall Street forecasts
News

Musk promises that the Tesla plant near Berlin will become the world’s largest battery manufacturer

Tesla CEO Elon Musk wants to turn the Tesla plant near Berlin into the world’s largest factory for the production of batteries for electric vehicles. The businessman stated this on Tuesday, November 24, speaking via video link at the European Conference of Battery Manufacturers. The plant near Berlin will be one of a kind as […]

Next
Snap reported revenue growth of 66%, surpassing all Wall Street forecasts
News

Naftogaz announced a sharp increase in profits

Naftogaz states that in the first quarter of 2021 they received a net profit of UAH 12.6 billion against UAH 3.2 billion a year earlier. The group’s CFO Petrus van Drill said so. “I am pleased to announce that the net profit in the first quarter of 2021 is UAH 12.6 billion (unaudited preliminary result, […]

Next
Snap reported revenue growth of 66%, surpassing all Wall Street forecasts
News

Tesla received record profits

American electric car maker Tesla Inc ended the first quarter of this year with record profits, but the company’s revenue was slightly worse than market forecasts. This is stated in a press release from Tesla. Thus, the company’s net income in January-March was $ 438 million, or $ 0.39 per share, compared to $ 16 […]

Next
Snap reported revenue growth of 66%, surpassing all Wall Street forecasts
News

The WHO has questioned the effectiveness of the vaccine COVID-19

Director of the Regional Office of the World Health Organization Hans Kluge expressed doubts about the effectiveness of vaccines COVID-19. He believes that it will not put the end to the pandemic coronavirus. This was reported by the Daily Star. I keep hearing, “The vaccine will end the pandemic.” No! We don’t even know if […]

Next
Snap reported revenue growth of 66%, surpassing all Wall Street forecasts
News

Ukrenergo received a billion dollars in losses for the year

According to the results of 2020, Ukrenergo’s loss amounted to almost UAH 27.5 billion against UAH 1.86 billion profit a year earlier. This is evidenced by a report in the information disclosure system of the NSSMC. According to him, last year the company’s net income increased 2.2 times (by UAH 31.9 billion) to UAH 58.250 […]

Next
Snap reported revenue growth of 66%, surpassing all Wall Street forecasts
News

In the United States, the number of Americans who have applied for unemployment benefits is growing again

The U.S. Department of Labor’s weekly report on Thursday showed that the number of initial applications for unemployment benefits in the country rose to 1.106 million in the week ended August 15, which is worse than the forecast of economists at 925 thousand and worse than the previous week, when the figure of 971 thousand […]

Next
Snap reported revenue growth of 66%, surpassing all Wall Street forecasts
News

AMD will merge with rival Xilinx by exchanging shares

American chipmaker Advanced Micro Devices Inc (AMD) is buying rival Xilinx Inc for $ 35 billion under a deal that it will be paid for in full by AMD shares. According to a press release from AMD, the operation will create a company worth about $ 135 billion. “The acquisition of Xilinx will allow AMD […]

Next
Snap reported revenue growth of 66%, surpassing all Wall Street forecasts
News

Google is investing $ 450 million in the security monitoring company and “smart home” ADT

On Monday, Alphabet and ADT Inc companies announced a long-term partnership agreement. According to the press release, as a result, will be “a combination of award-winning Nest equipment and services based on Google machine learning technology, with a network of ADT installation, service and professional monitoring for creating a “smarter home” and integrated experience for […]

Next
Snap reported revenue growth of 66%, surpassing all Wall Street forecasts
News

Lego will open 120 new stores in 2020

Lego plans to open 120 new stores in 2020, according to Retail Gazette. The company reported sales growth in the first half of the year. In quarantine kits were very popular, in particular, among adult consumers. “About 80 new outlets will be located in China. Now the company has 612 stores worldwide,” – said Lego […]

Next
Snap reported revenue growth of 66%, surpassing all Wall Street forecasts
News

Converse sells shoes on the garbage island

The Converse brand has opened a virtual store on a garbage island in the Pacific Ocean, which consists of 80,000 tons of plastic and is larger than the area of ​​France. The offers of this outlet can be found on the store’s website. It is reported that the Renew Labs space was developed by Virtue. […]

Next
Snap reported revenue growth of 66%, surpassing all Wall Street forecasts
News

Understanding Your Social Currency Is the Key to Success

Gerard Adams, who is also called Mentor of Millenials is an American entrepreneur, an expert in the field of branding, philanthropist. He came to millionaire status in the age of 24 years. Edition Entrepreneur published Gerard reflections that represent the social significance and the role it plays in building a business for him. Knowing your […]

Next
Snap reported revenue growth of 66%, surpassing all Wall Street forecasts
News

Shares of AstraZeneca are down 1.7% due to discontinuation of trials of COVID vaccine

Shares of the British-Swedish pharmaceutical company AstraZeneca on the London Stock Exchange (LSE) are down 1.69% after reports of stopping trials of the corona virus vaccine, according to trading platform data. Securities lost 1.69% in value, dropping to 82.07 pounds sterling. The basic index of the British stock market FTSE 100 on Wednesday traded in […]

Next
Snap reported revenue growth of 66%, surpassing all Wall Street forecasts
News

Tesla began supplying Model 3 Chinese sedans to Europe

Tesla Inc. of Elon Musk will export Model 3 electric cars made in China to Europe. This was reported by the Interfax-Ukraine news agency with reference to the company’s statement. The first batch of 7,000 cars will be shipped from the port of Shanghai on October 27. They are expected to reach the Belgian port […]

Next
Snap reported revenue growth of 66%, surpassing all Wall Street forecasts
News

The SEC has begun testing the Chinese video service iQiyi

The US Securities and Exchange Commission (SEC) began to test the Chinese video streaming service under the iQiyi subscription, similar to Netflix. The inspection was reported by the Chinese company. In this statement, the ADR companies which trading on the Nasdaq, fell by 13% in price. The paper of Baidu, the main shareholder of iQiyi, […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com