It might be Dear Utol (2025): Catfish Episode 46a beautiful day in Venice, CA, but things at the beach-headquartered Snap are not so sunny at the moment.
Snap reported disappointing revenue in its Q1 earnings report on Tuesday — and the market reacted like the volatile, fickle beast that it is.
SEE ALSO: Snapchat blew its first-ever earningsSnap missed investor expectations big time, reporting a quarterly revenue of $231 million. The expectation was $244.5 million, according to a Thomson Reuters consensus estimate.
And things aren't likely to improve any time soon. CEO Evan Spiegel said that Snap's growth is stalling.
"We are planning for our Q2 [revenue] growth rate to decelerate substantially from Q1 levels," CFO Drew Vollero said.
It's not a good look for Snap, especially in light of the optimism surrounding last quarter's successes. Q4 of 2017 came in with $286 million in revenue and 18 percent year over year user growth. There was hope that last quarter marked a turnaround for the company after the company's initial financial stumbles post-IPO.
But then, the redesign happened, and high-profile users and teens alike expressed anger with the new layout. Now, the app that insists it's a "camera company" is back to underwhelming investors.
"As we have mentioned on our past two earnings calls, a change this big to existing behavior comes with some disruption, especially given the high frequency of daily engagement of our community," Spiegel said. "We are now focused on optimizing the redesign based on our ongoing experimentation and learning."
We'll see if Kylie approves.
Correction: May 1, 2018, 6:38 p.m. PDT: This post has been corrected to attribute a quote about Snap's revenue growth rate to CFO Drew Vollero. It was originally misattributed to CEO Evan Spiegel.
Topics Snapchat Social Media
Best vacuum mop combo deal: Save $140 on the Tineco Floor One S5
Portugal's António Guterres is slated to be the next leader of the United Nations
Disney takes on AI image generator Midjourney in scathing suit
Chocolate covered pretzel sticks just grew up with a dash of whiskey
Shop Owala's Memorial Day Sale for 30% off tumblers
Daughter writes her father the most adorable get well soon card
The entire internet gasped at Mike Pence's 'Mexican thing' comment
New 'smart textiles' can produce and store solar energy
10 Tech Predictions for 2017
Watch a fiery, close
Best headphones deal: Save up to 51% on Beats at Amazon
Blue Origin successfully tests its rocket escape system in flight
Watch Telly the therapy dog at work as she bonds with a child
Mike Pence acts like he’s never met Donald Trump during VP debate
Every MCU movie villain ranked, from "Iron Man" to "Thunderbolts*"
Why watch Pence vs. Kaine? Because this is the real presidential debate.
The 3 potential paths that Hurricane Matthew will follow
Indian startup SmartVizX is trying to solve real estate's big problem with VR
NYT Connections hints and answers for May 18: Tips to solve 'Connections' #707.
Car drives into a sinkhole, ruining a couple's romantic date night
'Rent' the musical will be performed live on TV, and will you light my candle?A place for pro athletes to share the selves that fans never seeKendall Jenner's first modelling spread since the Pepsi ad was upstaged by the photographerStart saving nowNintendo reportedly working on a 'Zelda' smartphone gameMicrosoft says WannaCry ransomware attack is a wakeGlacier National Park used to have 150 glaciers. There are only 26 leftSome dude wearing an Australian flag jumped onstage at Eurovision and mooned everyoneVirtual reality patients are teaching med students how to break bad newsFaceApp changes old world art models from stoic to stokedDelta sign error hints that the coming tech ban on planes will cover nearly everythingApple Watch adds Mother's Day fitness achievementVeterinary nurse makes colorful, custom casts for animals postIt's time to take your medicine and stop WannaCry ransomware in its tracksRacial justice activists are bailing black moms out of jail for Mother's DayGet ready for a possible 'second wave' of that massive global cyberattack'Donald Trump' on 'SNL' admits things are going to get way, way worseMeet the 207 terrifying scenes from Stephen King's 'It' we badly hope are in the movieFamily gets kicked off of a JetBlue flight for a birthday cake British woman shamed for hanging lacy underwear on a clothesline How to view the annular solar eclipse without destroying your eyes Dolphins have a 'highly advanced' spoken language, study finds North Korea makes rare admission of struggle after flood damage Drake buys his neighbor's house, so now they can't complain about the noise Intense video shows the moment a diver was attacked by a great white shark iOS 10 is wreaking havoc on some iPhones 'Hearthstone' is welcoming new players with a 51 NASA found a surprise when opening its OSIRIS LinkedIn cofounder will pay $5 million for Donald Trump's tax returns DogLogBook wants to make you a better pet owner through tech 'League of Legends' is popular, but not profitable as an esport Woman pays small fortune to save pet goldfish from choking on a rock Samsung's next plan to prevent Note7 explosions is a software update Google's Cardboard Camera for virtual reality comes to iOS Ford will sell you a self Sorry, Tesla: Chevy Bolt officially goes 238 miles on a single charge These companies are using NFC technology to identify diamonds Ninjas in Pyjamas is the first Kim Kardashian imagines a world where Donald Trump and Hilllary Clinton ugly cry together
1.8762s , 8199.9140625 kb
Copyright © 2025 Powered by 【Dear Utol (2025): Catfish Episode 46】,Wisdom Convergence Information Network