Snap's user growth in the last three months was about half what investment analysts expected. Daily active users rose to 178 million in the third quarter from 173 million in the second quarter. Wall Street had expected a loss of 32 cents per share, on average, according to Thomson Reuters I/B/E/S. Snap's average revenue per user rose to $1.17 in the latest quarter, from 84 cents a year earlier, but missed analysts' average estimate of $1.30. Revenue, a bulk of which comes from advertisements, rose to $207.9 million from $128.2 million.

Source: CBC News November 07, 2017 22:18 UTC