Snap reports Q3 revenue up 6% YoY to $1.13B, vs. $ 1.14B est., DAUs up 19% YoY to 363M, vs. 358.2M est., a $360M net loss, up from $72M YoY; stock is down 20%+ (Jonathan Vanian/CNBC)
Jonathan Vanian / CNBC:
Snap reports Q3 revenue up 6% YoY to $1.13B, vs. $ 1.14B est., DAUs up 19% YoY to 363M, vs. 358.2M est., a $360M net loss, up from $72M YoY; stock is down 20%+ — – Snap beat analysts’ expectations on earnings per share but missed on revenue. — The company’s board authorized a stock repurchase program of up to $500 million.