Briefing

Snap Predicts Flat Revenue After Weakest Quarter as Public Company

By
Mahira Dayal
· · Source: The Information

Snap’s revenue rose 6% in the third quarter to $1.13 billion, a much smaller increase than its 13% growth in the second quarter, and its weakest quarterly growth in its five years as a public company. The Santa Monica, Calif.-based parent of Snapchat blamed a weak advertising market and forecast flat revenue growth in the current quarter. The photo messaging app, known for its disappearing...

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