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Snap Inc (SNAP.N)

SNAP.N on New York Stock Exchange

18.93USD
20 Feb 2018
Change (% chg)

$-1.49 (-7.30%)
Prev Close
$20.42
Open
$19.34
Day's High
$19.80
Day's Low
$18.63
Volume
7,203,646
Avg. Vol
5,177,853
52-wk High
$29.44
52-wk Low
$11.28

Latest Key Developments (Source: Significant Developments)

Snap Inc Reports Q1 Revenue Of $285.7 Mln
Tuesday, 6 Feb 2018 04:15pm EST 

Feb 6 (Reuters) - Snap Inc ::SNAP INC - QUARTERLY REVENUE $285.7 MILLION VERSUS $165.7 MILLION.SNAP INC - QUARTERLY NET LOSS PER SHARE ATTRIBUTABLE TO CLASS A, CLASS B, AND CLASS C COMMON STOCKHOLDERS $0.28.SNAP INC - QUARTERLY NON-GAAP DILUTED NET LOSS PER SHARE $0.13.SNAP INC Q4 EARNINGS PER SHARE VIEW $-0.16, REVENUE VIEW $253.2 MILLION -- THOMSON REUTERS I/B/E/S.SNAP INC - QUARTERLY DAUS INCREASED 5 PERCENT SEQUENTIALLY TO 187 MILLION.SNAP INC - ARPU WAS $1.53 IN Q4 2017, UP 46 PERCENT.SNAP INC - TOTAL ADVERTISING REVENUE FOR THE QUARTER WAS $281 MILLION, UP 74 PERCENT.SNAP INC Q1 REVENUE VIEW $236.5 MILLION -- THOMSON REUTERS I/B/E/S.SNAP INC - IN Q1, PLANNING FOR YEAR-OVER-YEAR REVENUE GROWTH RATE TO MODERATE FROM Q4 PACE.SNAP INC - PLANNING FOR OPERATING-EXPENSE GROWTH TO MODERATE IN H1 2018 AND BE UP LOW DOUBLE-DIGITS VERSUS H2 2017.SNAP INC - CAPITAL EXPENDITURES LESS THAN $85 MILLION IN 2017; PLANNING FOR A SLIGHT INCREASE IN 2018.  Full Article

China's Tencent takes a 10 pct stake in Snap - CNBC
Wednesday, 8 Nov 2017 06:16am EST 

Nov 8 (Reuters) - :China's Tencent takes a 10 percent stake in Snapchat parent Snap - CNBC.  Full Article

Snap Inc "misjudged strong early demand" for spectacles and purchased more inventory than co now anticipates being able to sell
Tuesday, 7 Nov 2017 05:56pm EST 

Nov 7 (Reuters) - Snap Inc ::Snap Inc - co "misjudged strong early demand" for spectacles and purchased more inventory than co now anticipates being able to sell.Snap - "moving forward, we will continue to be in the market place with spectacles and expect modest revenue from the product line".Snap Inc - "we are currently redesigning our application to make it easier to use"‍​.Snap - "there is a strong likelihood that the redesign of our application will be disruptive to our business in the short term"‍​.Snap - willing to take risk of redesign "for what we believe are substantial longterm benefits to our business‍​".Snap - "we don’t yet know how the behavior of our community will change when they begin to use our updated application".Snap says in 2018, going to build more distribution and monetization opportunities for creator community on snapchat - prepared remarks‍​.  Full Article

Snap Inc says ‍DAUS grew to 178 million
Tuesday, 7 Nov 2017 04:15pm EST 

Nov 7 (Reuters) - Snap Inc ::Snap Inc reports third quarter 2017 results.Snap Inc - ‍DAUS grew from 153 million in Q3 2016 to 178 million in Q3 2017​.Snap Inc - qtrly net loss per share attributable to class A, class B, and class C common stockholders $‍0.36​.Snap Inc - ‍ARPU was $1.17 in q3 2017, an increase of 39% over Q3 2016 when ARPU was $0.84​.Snap Inc qtrly revenue $207.9 million, up 62 percent.Snap Inc - ‍in Q3 , recorded $39.9 million of charges related to spectacles inventory​.Snap Inc - ‍hosting costs per dau were $0.68 in Q3 2017, as compared to $0.64 in Q3 2016 and $0.61 in Q2 2017​.Snap Inc - qtrly ‍non-GAAP diluted net loss per share $0.14​.Q3 earnings per share view $-0.15, revenue view $236.9 million -- Thomson Reuters I/B/E/S.  Full Article

Snap Inc introduces Context Cards feature
Tuesday, 10 Oct 2017 11:11am EDT 

Oct 10 (Reuters) - Snap Inc ::Snap Inc introduces Context Cards, a feature to display information about the snap users view.  Full Article

Snap inc says starting thursday, global advertisers can purchase 3D world lenses
Thursday, 28 Sep 2017 12:13pm EDT 

Sept 28 (Reuters) - Snap Inc ::Snap Inc says starting thursday, global advertisers can purchase 3D world lenses - characters and objects - for the snapchat community to play with‍​.  Full Article

‍Ceros says announced it has been named as a Snapchat creative partner​
Monday, 25 Sep 2017 08:27am EDT 

Sept 25 (Reuters) - Ceros Inc :‍Ceros says announced it has been named as a Snapchat creative partner​.  Full Article

Snap spectacles hardware lab cuts some jobs, changes leadership - Bloomberg
Thursday, 21 Sep 2017 03:33pm EDT 

Sept 21 (Reuters) - :Snap spectacles hardware lab cuts some jobs, changes leadership - Bloomberg, citing sources.  Full Article

Pandora appoints Roger Lynch as chief executive officer
Monday, 14 Aug 2017 04:05pm EDT 

Aug 14 (Reuters) - Pandora Media Inc -:Pandora announces appointment of Roger Lynch as chief executive officer.Pandora Media Inc - ‍michael Lynton, chairman of Snap Inc., also joins board​.Pandora Media Inc - ‍roger Lynch has been appointed ceo and president at pandora​.Pandora media inc - ‍naveen Chopra, who has served as pandora's interim ceo since June 2017, will continue in his role as chief financial officer​.  Full Article

Temasek Holdings (Private) Ltd dissolves share stake in Snap, takes share stake in BofA
Monday, 14 Aug 2017 08:59am EDT 

Aug 14 (Reuters) - Temasek Holdings (Private) Ltd::Dissolves share stake in Snap Inc - SEC filing‍​.Takes share stake of 798,123 shares in Bank of America - SEC filing‍​.Change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017‍​.  Full Article

BRIEF-Rizvi Traverse Management Reports Share Stake In Snap Inc

* RIZVI TRAVERSE MANAGEMENT LLC REPORTS SHARE STAKE IN SNAP INC OF 9 MILLION CLASS A SHARES - SEC FILING