"With our plans for user growth, augmented reality, and content in 2018, I have never been more excited about the future of our business".
Snapchat now has 187 million daily active users, which is higher than 184.2 million expected from analysts.
"Management is effectively entrenched, and shareholders are entirely disenfranchised because Snap's publicly traded shares lack any voting rights", he added.
"Our business really came together toward the end of a year ago", Evan Spiegel, the cofounder and CEO of Snap, said on a conference call with analysts Tuesday.
However fast Snap is growing, it still has the world to conquer. To that end, Snapchat has been teasing a redesign of its mobile app aimed at attracting older users by making it easier to use. Chief Executive Evan Spiegel did not announce a release date Tuesday, though he did say the new version was now in the hands of about 40 million people and should roll out this quarter.
Snapchat'sdaily active users rose to 187 million in the quarter ended December 31 from 178 million in the third quarter, beating analysts' average expectation of 184.2 million users, according to financial data and analytics firm FactSet. DAUs for all of 2017 rose 18% from a year earlier, reversing a trend of slow growth for the social media platform.
Instagram, which has over twice the number of daily users that Snapchat has and is backed by Facebook and its huge amounts of cash, has been a threat to crush its rival through copying its features like disappearing slide shows and photo filters.
Snapchat is banking on smaller businesses to advertise on its platform as ad revenue has almost doubled in that market. He has also developed tools to monitor brands' early adoption of live-streaming apps, compare Yahoo's and Google's search designs and examine the NFL's YouTube and Facebook video strategies.
Spiegel said 90 percent of Snap ad revenues now come from its automated platforms, and said this system is likely to help boost growth. Analysts had been expecting a loss of around $409 million, on about $255 million in revenue. Snap lost $443 million last quarter, nearly the same amount it lost in Q2 and up considerably from the $124 million it lost in Q3 the year prior.
To the surprise of investors, Snapreported that both its user growth and revenue growth are accelerating.
Overall, Snap has far fewer users than Facebook, but its growth is faster and more constant especially in North America. Stocks of Snap Inc. went up 25 percent to around $17.60 per share, which was more than its IPO price.
According to TechCrunch, Snapchat said: "Updates as big as this one can take a little getting used to, but we hope the community will enjoy it once they settle in". A drop in quality takes users' attention elsewhere and Snapchat is now facing that challenge.
A Kantar TNS study from September 2016 found that Snapchat use in the U.A.E. sat at 53%, up from 28% in 2015. It could also be a great opportunity for marketers to reach and engage their audiences with well-targeted promoted content, while positively impacting Snapchat's bottom line.
Pastner filed a defamation suit previous year , after Bell claimed Pastner asked Bell to pay illegal benefits to players. The alleged incident happened in February of 2016 while Pastner was still the men's basketball head coach at Memphis.
He was attacked after a debate on religion at his dormitary, with an investigation ruling that Khan did not engage in blasphemy. Even a rumour of blasphemy can spark mob violence and there have been cases of people misusing the law to settle scores.
If it can't detect your battery status, it will also warn you to replace your battery at an authorised service provider. So, if it was a false alarm, you should be able to continue using your iPhone at maximum performance all the time.
In remarks on the Senate floor , Schumer focused on the new agreement as a rare moment of bipartisanship and cooperation. The bill removes automatic spending cuts - known as sequestration caps - for both defense and nondefense programs.
The front is a complex and curious combination of split headlights, muscular hood and the brand's new Cascading Grille. An eight-speed automatic transmission and Hyundai's HTRAC all-wheel drive system are standard across the range.
The accusations against him have also drawn scrutiny from gambling regulators in Nevada, Massachusetts and Macau. Trading on shares of Wynn Macau was halted in Hong Kong early Wednesday in response to the announcement.
That is a big need for Georgia in this class and that is why the Bulldogs went after Walker so hard until the final minute. But that assumption would be incorrect as a handful of 5-and-4 star players remain undecided.
Kohli and other batsmen have followed the lead of bowlers and this third ODI could prove to be the most decisive match. Momentarily though, India s run-rate dipped below 5/over as Chris Morris (1-45) exerted some control over proceedings.
And when asked if she thinks Meghan understands Samantha, and her situation, Samantha simply replied: "No". PRINCE Harry and Meghan Markle's relationship played out like a movie - and now it's going to become one.
According to the documents received by TrustedReviews, the online mode will be more ambitious than in any previous Rockstar title. If Red Dead Redemption 2 Battle Royale mode is a reality, we can be sure that Rockstar will try to put its own spin on it.
Stormy Daniels warns Kylie Jenner about her chosen baby name
She congratulated Jenner, then warned her: "Hang on to your heart, because little girls named Stormi are known to cause trouble". Travis Scott surprised Kylie Jenner with a gift of xx following the birth of their first child Stormi Webster .
Olympic team's chefs mistakenly order 15000 eggs
But a mistake occurred when 15,000 eggs were delivered to their kitchens, instead of the 1500 intended. Norway has a total of 109 athletes competing in the 2018 Winter Olympics in PyeongChang, Korea.
Volatile stocks spark record one-day rise in fear index
Many traders will use a combination of moving averages with different time frames to help review stock trend direction. As of this writing, both XIV and SVXY were halted for trading, but were expected to resume trading later in the day.
Trump Wants to Display Military's Might With Grand Parade
Bush's "Mission Accomplished" stunt was crafted to celebrate, quite inaccurately, the end of "major combat operations" in Iraq. The US capital has previously only held large military displays to mark significant occasions such as victories in war.
Koeman named new Netherlands boss
Koeman's first press conference was immediately announced by the KNVB, and he was set to speak about his new role at 3.30pm GMT. Koeman won Euro 88 as a Netherlands player, part of a team that also included Ruud Gullit, Frank Rijkaard and Marco van Basten.
What To Expect From The PS4 5.50 Update
On the user interface front, two new tabs are added to Library to make it easier to see which apps you've installed and bought. The Friends tab in the Quick Menu now lets you quickly access specific friends, and it'll also show which of them are online.