Snap Inc. (NYSE: SNAP) reported third quarter 2020 earnings results today.
Revenues increased 52% year-over-year to $679 million.
Net loss amounted to $200 million, or $0.14 per share, compared to $227 million, or $0.16 per share, last year. The company reported adjusted EPS of $0.01 versus a loss of $0.04 last year.
Daily active users rose by 18% year-over-year to 249 million.
Due to the uncertainty related to the COVID-19 pandemic, the company is not providing any guidance.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
The positive effects of widespread digitalization and e-commerce growth on China’s financial services industry became more pronounced during the pandemic as the movement restrictions drove more retail customers to online
Shares of Activision Blizzard Inc. (NASDAQ: ATVI) were up 1.6% on Thursday. The stock has dropped 14% since the start of the year. The company has been in the news
The emergence of technology-driven financial services is making people think beyond conventional banks when it comes to availing loans and transferring funds. In a move aimed at taking its business