Snap Inc. (NYSE: SNAP) reported 3rd quarter 2021 profits effects these days.
Revenue larger 57% year-over-year to $1.07 billion however ignored marketplace estimates of $1.1 billion.
Net loss amounted to $71.9 million, or $0.05 in line with percentage, in comparison to a lack of $199.8 million, or $0.14 in line with percentage, within the prior-year quarter. Adjusted EPS rose to $0.17 from $0.01 final 12 months and beat expectancies of $0.08.
Daily energetic customers rose 23% year-over-year to 306 million.
For the fourth quarter of 2021, income is anticipated to be $1.16-1.20 billion.
Snap’s inventory plummeted 21% all through aftermarket hours.