It might be temple of black eroticism videosa beautiful day in Venice, CA, but things at the beach-headquartered Snap are not so sunny at the moment.
Snap reported disappointing revenue in its Q1 earnings report on Tuesday — and the market reacted like the volatile, fickle beast that it is.
SEE ALSO: Snapchat blew its first-ever earningsSnap missed investor expectations big time, reporting a quarterly revenue of $231 million. The expectation was $244.5 million, according to a Thomson Reuters consensus estimate.
And things aren't likely to improve any time soon. CEO Evan Spiegel said that Snap's growth is stalling.
"We are planning for our Q2 [revenue] growth rate to decelerate substantially from Q1 levels," CFO Drew Vollero said.
It's not a good look for Snap, especially in light of the optimism surrounding last quarter's successes. Q4 of 2017 came in with $286 million in revenue and 18 percent year over year user growth. There was hope that last quarter marked a turnaround for the company after the company's initial financial stumbles post-IPO.
But then, the redesign happened, and high-profile users and teens alike expressed anger with the new layout. Now, the app that insists it's a "camera company" is back to underwhelming investors.
"As we have mentioned on our past two earnings calls, a change this big to existing behavior comes with some disruption, especially given the high frequency of daily engagement of our community," Spiegel said. "We are now focused on optimizing the redesign based on our ongoing experimentation and learning."
We'll see if Kylie approves.
Correction: May 1, 2018, 6:38 p.m. PDT: This post has been corrected to attribute a quote about Snap's revenue growth rate to CFO Drew Vollero. It was originally misattributed to CEO Evan Spiegel.
Topics Snapchat Social Media
NYT Connections Sports Edition hints and answers for February 15: Tips to solve Connections #145
FBI director shares TikTok data privacy concerns
Wordle today: Here's the answer, hints for December 6
'Quordle' today: See each 'Quordle' answer and hints for December 4
The Best CPU & GPU Purchases of 2017
Wordle today: Here's the answer, hints for December 6
FBI director shares TikTok data privacy concerns
'Elizabeth Warren has a plan for that' memes are here to test your rhyming skills
Best laptop deal: Get the 14
Twitter losing ad revenue during World Cup
Use Your Gaming Laptop and Play On Battery Power? Is It Possible?
Jon Stewart returns to Capitol Hill to fight for 9/11 first responders funding
Jason Statham takes on latest viral test: The bottle cap challenge
Donald Trump hit a new low with racist tweets and everyone noticed
The White House might have inflated Trump's golf record, because this is how we live now
Wordle today: Here's the answer, hints for December 7
Cosplayer Belle Delphine is now selling her own bathwater
Meta's new idea: Your tweets, but on Instagram
Wordle today: The answer and hints for January 28, 2025
Megan Rapinoe gives champion
Robert Moses is DeadQuestions, Questions, QuestionsApichatpong the MemoriousIntolerant IndiaNothin’ but the RentRobert Moses is DeadPatterns of MeaningMixed SignalsRomania MexicalliOur Subterranean OrderThe Woman without QualitiesThe Woman without QualitiesThe Involuntary MisandristSniffed OutForty-Four Thoughts for Cecil TaylorVolutionsBeautiful LiesThe Ukrainian AppealPlanet BloombergEl Alto Chronicles In Russia, the Ultimate Scary Story is about Losing Your Coat by Jennifer Wilson The best Netflix shows of 2023 Best Stanley deal: save 25% on Stanley AeroLight bottles at Target Activision Blizzard to pay more than $54 million in gender discrimination settlement The Enigma of Prince: An Interview with Dan Piepenbring by Cornelia Channing The Wilderness of the Unfinished Manuscript by Sarah M. Broom NYT's The Mini crossword answers for December 17 Elon Musk's X will be investigated by EU for potentially breaking disinformation law Fitbit Ace 3 activity tracker for kids: Now at its lowest price ever Entering Infinity with Yayoi Kusama by The Paris Review The Only Untranslatable American Writer by Brian Evenson Smart vibe Lioness drops year Best carpet cleaner deal: Grab a Bissell for just $89 (save 28%) We Lived Here by Jill Talbot Wordle today: The answer and hints for December 16 Apple pauses sales of Apple Watch Series 9 and Ultra 2 over patent dispute The Reckoning: An Interview with Reginald Dwayne Betts by Rachel Eliza Griffiths Cooking with Shirley Jackson by Valerie Stivers German Lessons by Margaret Drabble Staff Picks: Stories, Sociopaths, and Sada Baby by The Paris Review
2.4967s , 10170.765625 kb
Copyright © 2025 Powered by 【temple of black eroticism videos】,Feast Information Network