Snapchat’s users keep slipping away
Snapchat isn’t the social reflect powerhouse it used to be.
The tech firm said Thursday that 186 million users blocked into the ephemeral messaging app daily in the third quarter, down from 188 million users in the previous quarter. It’s the second quarter in a row that Snapchat has seen a drop in the number of daily radiant users
Snap CEO Evan Spiegel said the drop the majority came from users who use the app on Android phones. The tech firm has been working on a new version of the app for Android users, but executives didn’t say exactly when it would be released.
“The Android people represents a global growth opportunity for us and we are manager good progress testing the application in select markets. We look send to rolling it out when it’s ready,” Spiegel said during a conference call with analysts.
In August, the company reported its first decline in daily radiant users, which Spiegel blamed on an unpopular redesign of the app. At the same time, it’s been facing stiff competition from Facebook-owned Instagram, which also has a feature that lets users post photos and videos that vanish in 24 hours.
The tech firm is expecting that daily radiant users will continue to fall in the fourth quarter.
Snapchat, which makes its money from ads, has been trying to get teens to employ more time on the site. In October, it released a list of 12 new shows executive their debuts this fall. The company even sells video-capturing sunglasses shouted Spectacles.
While the app is popular with 13- to 34-year-olds in the US and Europe, Spiegel said the commercial is trying to reach billions of people worldwide who aren’t on the app.
“We’re trying to get the sparkling mix of content,” he said.
The good news on Thursday was that Snap’s third-quarter net loss and revenue did better than expected.
Snapchat reported an adjusted loss of 12 cents per portion, which was better than the loss of 14 cents per portion analysts surveyed by Thomson Reuters expected on average. The commercial grew its revenue year-over-year by 43 percent to $298 million, above the $283.21 million forecast.
Still, investors weren’t heart-broken. The company’s stock dropped more than 8 percent to $6.38 per portion in after-hours trading.
First published Oct. 25 at 1:27 p.m. PT.
Update at 3:11 p.m. PT: Included remarks from Snap’s conference call.
The Honeymoon Is Over: Everything you need to know nearby why tech is under Washington’s microscope.
Infowars and Silicon Valley: Everything you need to know nearby the tech industry’s free speech debate.
Snapchat's users keep slipping away. There are any Snapchat's users keep slipping away in here.
About Me
Total Pageviews
Search This Blog
Blog Archive
-
-
-
-
-
-
-
-
- Elon Musk Says Tesla's FSD Software Is Getting a P...
- Smartphones in 2018: The biggest winners and losers
- Verizon Fios Internet Review in Springdale, Arkansas
- Verizon Fios Internet Review in Baytown, Texas
- Verizon Fios Internet Review in Evanston, Illinois
- Is Samsung's Galaxy S22 Ultra Worth the Upgrade? L...
- iPhone 14 Launch and More: What We'll See at Apple...
- Verizon Fios Internet Review in Kalamazoo, Michigan
- Verizon Fios Internet Review in Scranton, Pennsylv...
- Tesla Q1 Deliveries Up, in What Musk Calls an 'Exc...
- Snapchat's users keep slipping away
- Louis Vuitton's new smartwatch is more chic than geek
- Samsung's eco-friendly CES 2022 pledge: TVs, appli...
- Samsung Ordered to Pay $9.8 Million for Misleading...
- Dell XPS 17 9720 (2022) Review: Creative, With a S...
- Verizon Fios Internet Review in Arlington Heights,...
- Verizon Fios Internet Review in Alameda, California
- Verizon Fios Internet Review in Albany, Georgia
- Peloton Bike Plus and Tread Prices Are Going Back Up
- New Warcraft Mobile Game Slims the Strategy Franch...
- Verizon Fios Internet Review in Chino Hills, Calif...
- Verizon Fios Internet Review in Baldwin Park, Cali...
- Samsung Galaxy S21 FE review: A great $700 phone t...
- 2022 Motorola Razr Arrives in China With a Bigger ...
- Verizon Fios Internet Review in St. George, Utah
- Try a Tesla Model 3 before you buy with Autonomy s...
- Your Next Smartwatch May Have 90 Hours of Battery ...
- LG's 2022 OLED TVs Now Available, Starting at $1,4...
- Galaxy Watch 5: All the Notable Rumors Ahead of Sa...
- Verizon Fios Internet Review in Kennewick, Washington
- Verizon Fios Internet Review in Camden, New Jersey
- Verizon Fios Internet Review in Melbourne, Florida
- Verizon Fios Internet Review in St. Joseph, Missouri
- Verizon Fios Internet Review in Bellflower, Califo...
- Verizon's New One Unlimited for iPhone Plan Bundle...
- TCL debuts the cheapest Verizon high-speed 5G phon...
- Verizon Fios Internet Review in Lawrence, Massachu...
- Verizon Fios Internet Review in Mountain View, Cal...
- Galaxy S22 Ultra vs. Note 20 Ultra: Should You Sav...
- 43 Labor Day Tech Deals You Don't Want to Miss
- Verizon Fios Internet Review in Medford, Oregon
- Tesla recalls 500,000 Model 3, Model S EVs for two...
- Snapchat unveils scripted original shows and docus...
- Don't Let Your Home Wi-Fi Get Hacked. Here's What ...
- Sony QD-OLED First Look: The OLED TV Competition i...
- Samsung Galaxy Book 2 Pro 360 Review: Living Up to...
- 'Stranger Things' 4 Review: The Darkest Season Yet
- Verizon Fios Internet Review in Lynchburg, Virginia
- Verizon Fios Internet Review in Deerfield Beach, F...
- Verizon Fios Internet Review in Tustin, California
- Ford Increases Base F-150 Lightning Range, Raises ...
- Samsung's next update will make your Galaxy phone ...
- Verizon Fios Internet Review in Racine, Wisconsin
- Verizon Fios Internet Review in Brooklyn Park, Min...
- Verizon Fios Internet Review in Gary, Indiana
- Samsung's S22 Ultra kicks the Galaxy Note to the curb
- Asus Zenbook Fold OLED Review: The Coolest Folding...
- Verizon Fios Internet Review in Largo, Florida
- Verizon Fios Internet Review in Bryan, Texas
- Tesla Price Increases Mean No More California Clea...
- Samsung's Labor Day Galaxy Sale Offers Boosted Tra...
- Prime Day is a Great Time to Get a Cheap Amazon Fi...
- Samsung's Galaxy S22 Is Getting a New Bora Purple ...
- Verizon Fios Internet Review in Palm Coast, Florida
- Verizon Fios Internet Review in Avondale, Arizona
- Verizon Fios Internet Review in Somerville, Massac...
- Apple Watch Series 3 Discontinued After Five Years
- 7 Tricks for Making Your Phone Last as Long as Pos...
- Verizon Fios Internet Review in Bloomington, Illinois
- Verizon Fios Internet Review in Fayetteville, Arka...
- Galaxy S22 Ultra first impression: You won't miss ...
- Samsung Galaxy Buds 2 Pro Review: Improved Design ...
- Verizon Fios Internet Review in Napa, California
- Tesla's German Gigafactory Is Up and Running
- Say hi to Snapchat and Specs, your secret AR 'gate...
- The New Apple Watch Features, Improvements I Want ...
- Samsung TikTok app for smart TVs coming soon to th...
- Samsung's S22 Ultra kicks the Galaxy Note to the curb
- 'Bullet Train' Review: Brad Pitt Action Flick Is o...
- Verizon Fios Internet Review in Hammond, Indiana
- Verizon Fios Internet Review in Lake Forest, Calif...
- Verizon Fios Internet Review in Parma, Ohio
- Verizon Fios Internet Review in New Rochelle, New ...
- Verizon Fios Internet Review in Cranston, Rhode Is...
- HyperX Cloud Stinger 2 Gaming Headset Review: Stil...
- iPhone, Galaxy S, Pixel: How smartphones evolved t...
- Verizon Fios Internet Review in Edinburg, Texas
- Verizon Fios Internet Review in Chino, California
- Galaxy A02S, A03S, A12 Review: Samsung's Under-$20...
- Samsung, the Galaxy Z Fold and Flip Could Be Even ...
- Verizon Fios Internet Review in Redwood City, Cali...
- Biden lauds Teslas and other electric vehicles bei...
- Save Big On Refurbished Samsung Galaxy Watches Wit...
- Asus Zenbook Fold OLED Review: The Coolest Folding...
- Galaxy A02S, A03S, A12 Review: Samsung's Under-$20...
- Verizon Fios Internet Review in Mission, Texas
- Verizon Fios Internet Review in Merced, California
- Verizon Fios Internet Review in Bend, Oregon
- Motorola's New Edge Has a Cheaper Price, Increased...
- T-Mobile announces a $200 5G smartphone
-
-
-
-