Snap (SNAP) Plummeted 24% Following Q3 Results; Q4 Guidance Miss
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Snap Inc. Announces Third Quarter 2021 Financial Results
October 21, 2021 4:10 PM EDTDaily Active Users increased 23% year-over-year to 306 million
Revenue increased 57% year-over-year to $1,067 million
Net loss improved 64% and Adjusted EBITDA improved 209% year-over-year
SANTA MONICA, Calif.--(BUSINESS WIRE)-- Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended September 30, 2021.
Financial Highlights
Revenue increased 57% to $1,067 million in Q3 2021, compared to the prior year. Net loss improved 64% to $(72) million in Q3 2021, compared to the prior year. Adjusted EBITDA improved 209% to $174 million... More