Tech
Snap reported Q1 revenue of $1.06 billion, up 38% year-on-year from $1.07 billion estimate, global DAUs up 18% year-on-year to 332 million from 330 million estimate, and loss net up 25% year-on-year to $360 million (Kif Leswing / CNBC)
Kif Leswing / CNBC:
Snap reported Q1 revenue of $1.06 billion, up 38% year-on-year from $1.07 billion estimate, global DAUs up 18% year-on-year to 332 million from 330 million estimate, and loss net up 25% year-on-year to $360 million— Snap missed Wall Street’s expectations for profits and sales when it reported first-quarter results on Thursday after the bell.
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