• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, June 21, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Snapchat reports first earnings since going public ; Lost $2.2 billion last quarter !

by Dipti Gore
May 11, 2017
in News
Reading Time: 1 min read
0
Snapchat reports first earnings since going public ; Lost $2.2 billion last quarter !

Image: Reuters

TwitterWhatsappLinkedin
Image: Reuters

10 May 2017 , California : Snap, the parent company of Snapchat,who went public in March this year has reported their earnings for the first time since going public and the numbers do not look good. Snapchat shares were down almost 25% in after hours trading.

You might also like

Apple in Early Talks to Acquire Perplexity AI, Its Largest Deal Yet

Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

The company has reported 166 million daily active users, a 5% increase from the last quarter and a 36% Y-o-Y increase. However Instagram stories, a feature launched by Facebook owned Instagram which copies heavily from Snapchat has reported 200 million daily active users.   Instagram stories was launched only a few months ago.

The company revenues increased to about $150 million a 300% increase in the first quarter. Out of this $8million came from sale of spectacles, a hardware product that the company has introduced. The company however is no where close to achieving profitability.

Snap has reported a loss of $2.2 billion in the first quarter.

Snapchat has been facing massive competition from Facebook recently with the company owned Instagram introducing Instagram stories. When questioned about this competition with Facebook Spiegel said that “Just because Yahoo has a search box doesn’t mean they’re Google.”

Tags: Evan SpiegelFacebook storiesInstagram StoriesMark ZuckerbergSnapSnapchatSnapchat EarningsSnapchat IPO
Tweet54SendShare15
Previous Post

Amazon Launches Echo Show at $230, to be Shipped June 28 Onwards

Next Post

Know – How IT Industry Gets Benefitted By Applancer

Dipti Gore

Recommended For You

Apple in Early Talks to Acquire Perplexity AI, Its Largest Deal Yet

by Thomas Babychan
June 21, 2025
0
Apple in Early Talks to Acquire Perplexity AI, Its Largest Deal Yet

In recent weeks, Apple has been engaged in private discussions about a potential acquisition of the AI search startup Perplexity, according to sources familiar with the matter. These...

Read more

Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

by Harikrishnan A
June 21, 2025
0
Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

Eutelsat, the European satellite company, made headlines this week as its stock surged an impressive 31% on Friday. The rally came right after the company announced it had...

Read more

Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

by Harikrishnan A
June 21, 2025
0
Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

In a courtroom in Piraeus, Greece, silence quickly turned to shock when three police officers stepped forward, handcuffed a 59-year-old man, and led him away. Moments earlier, the...

Read more
Next Post
Know – How IT Industry Gets Benefitted By Applancer

Know – How IT Industry Gets Benefitted By Applancer

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?