Tuesday, February 4, 2020
Snapchat hits 218M users but big Q4 losses sink share price – TechCrunch
Snapchat still isn’t profitable nearly two years after its IPO. In Q4 2019, Snap lost $241 million on 560.8 million in revenue that’s up 44% year-over-year and an EPS of $0.03. That comes from adding 8 million daily users to reach a total of 218, up 3.8% this quarter from 210 million and 17% year-over-year. The big problem was a one-time $100 million legal settlement that pushed it to lose $49 
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