Snapchat beats in Q3, adding 7M users & revenue up 50%

Snapchat beats in Q3, adding 7M users & revenue up 50%

Snapchat blew past earnings expectations for a big beat in Q3, as it added 7 million daily active users this quarter to hit 210 million, up 13% year-over-year. Net loss improved to $227 million from $255 million last quarter, with the loss decreasing $98 million versus Q3 2018. Snapchat's share price had closed down 4% at $14, and had fallen roughly 4.6% in after-hours trading as of 1:50 pm Pacific, to $13.35, despite the earnings beat.