While Snapchat’s audience growth stalled, the company did manage to squeeze significantly more revenue out of the users it had. Snap stock jumped nearly 20% in after hours trading Tuesday following the earnings report. On a conference call with analysts Tuesday after the report, Snap’s interim CFO Lara Sweet said the company is “cautiously optimistic” that daily users will not decline in the first three months of 2019, either.ĭebra Aho Williamson, principal analyst with eMarketer, called the surprise leveling off “a positive sign” for the company after a prolonged user decline. The company had said in October that it expected its user numbers to continue declining during the holiday quarter. ![]() (SNAP), its parent company, said Tuesday that the messaging app had 186 million daily users in the final three months of 2018, unchanged from the prior quarter and ending a streak of two consecutive quarters of declining users. For some companies, that might not be great news for Snapchat, it’s enough to get Wall Street positively ecstatic. Snapchat didn’t add any users last quarter, but it didn’t lose any either.
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