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<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Income from the snapshot, which makes the Snapchat .mail messaging application, grew by 39% during the quarter to reach $ 320 million. sales were significantly higher analysts have estimated revenue by consensus at $ 307 million. Average revenue per user also increased 39% to $ 1.68. "Data-reactid =" 12 "> The Snap business figure, which makes the Snapchat messaging application, increased by 39% during the quarter, reaching $ 320 million. Consensus revenue forecasts of analysts, which stood at $ 307 million, and average revenue per user also increased by 39% to $ 1.68.
<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Loss in BPA of 0.10 USD of the estimated loss Analysts $ 0.12 The company lost a total of $ 310.4 million during the quarter, which was an improvement of Snap's $ 385.8 million net loss in the first quarter of 2018. "data-reactid =" 13 "> Snap EPS loss of $ 0.10 was estimated at $ 0.12 by analysts The company lost a total of $ 310.4 million during the quarter, which was an improvement in Snap's net loss of $ 385.8 million in the first quarter of 2018.
Woman taking a selfie
Source of the image: Getty Images.
<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The capture has improved its operational cash flow, which at $ 66 million, up from a loss of $ 232 million in the same quarter of the previous year. EBITDA it's also improved, rising from a loss of $ 217.8 million last year to a loss of $ 123.4 million in the first quarter of 2019. "data-reactid =" 26 "> Snap improved its operating cash flow from $ 66 million to Adjusted EBITDA also improved, rising from a $ 217.8 million loss. last year at a loss of $ 123.4 million in the first quarter of 2019.
CEO, Evan Spiegel, said in a press release that "in the first quarter, we recorded strong results in all of our business, with a growth in the number of users assets and daily income ".
Spiegel's reference to the daily growth of active users is sequential and not annual. While the company's 190 million daily active users were up 2% from the 186 million recorded in the fourth quarter, this figure is still below the company's 191 million daily active users in the fourth quarter. same quarter of the previous year.
Snap is trying to increase the number of daily active users by updating its Android application, as was the case at the end of the first quarter. The company said that the changes to the application resulted in a 6% increase in the number of users sending snapshots during the first week after upgrading to the new application.
<h2 class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Look to the front"data-reactid =" 30 ">Look to the front
Snap's management said its second-quarter revenue forecast would be in the range of $ 335 to $ 360 million, which would be equivalent to a growth of about 33% at mid-term. The company also expects an adjusted EBITDA loss of between $ 150 million and $ 125 million, which would be an improvement over the $ 169 million loss recorded in the second quarter of the prior year.
Investors taken into account by investors will likely turn to growth in the number of daily active users of the company (with a turnover and a profit up) as a strong sign of improvement . But there is still a lot to be done to the company before proving it's a great long-term investment.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " More from The Motley Fool "data-reactid =" 33 "> More from The Motley Fool
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Chris Neiger has no position in any of the actions mentioned. The Motley Fool has no position in the mentioned actions. The Motley Fool has a disclosure policy."data-reactid =" 41 ">Chris Neiger has no position in any of the mentioned actions. The Motley Fool has no position in the mentioned actions. Motley Fool has a disclosure policy.
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