Snap posts Q3 earnings beat, active users rise
Snap Inc. (SNAP) posted Q3 adjusted earnings of $0.08, better than the $0.051 Wall Street was expecting. Revenue of $1.37 billion was just above the Bloomberg consensus estimate of $1.36 billion. Daily active users in the quarter were 443 million, better than the expected 441.16 million.
Snap sees fourth quarter revenue in a range of $1.51 billion to $1.56 billion versus a $1.56 billion estimate.
Market Domination Overtime Anchors Julie Hyman and Josh Lipton break down the social media giant's results.
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This post was written by Stephanie Mikulich.