Tuesday Snap, Inc. closed at $14.06 a share, then rallied 22% in after hours trading. Daily active users grew by 8.9 million during the quarter to 187 million. On average, analysts estimated $252.95 million in revenue and a loss of 16 cents a share.
After the bell, Snap reported $285.7 million in revenue and a loss of 13 cents a share for the three months ended December 3.
Analysts have been paying close attention to Snap's user growth, which has slowed since the company went public in March 2017.
Watch Captain America: Civil War on Netflix before Black Panther
Scene from Marvel Studios' film BLACK PANTHER L to R: T'Challa/Black Panther ( Chadwick Boseman ) and Erik Killmonger ( Michael B. With Black Panther already breaking records left and right, I'm sure people are going to come into this film doubting the hype.
"Our business really came together towards the end of previous year and I am very proud of our team for working hard to deliver these results", said Snapchat CEO Evan Spiegel in prepared remarks to Tuesday's earnings call. The retention rate of new Snapchat users on Android increased by almost 20 percent compared to the year prior, according to prepared remarks. Snap Inc (SNAP) management said the Q4 2017 result was the best quarter for user adds since Q3 2016. The company's stock chart Tuesday afternoon looked similar to the trajectory of Elon Musk's SpaceX rocket, launched into outer space just minutes before Snap reported - straight up.
However, three months later, that redesign has still not rolled out widely, and investors will be looking for answers as to what's taking so long. That would also put Snap's yearly sales at $793 million, nearly double the $404 million it brought in in 2016.
Snapchat has sought to distinguish itself from Facebook with a design that "separates social from media", according to Spiegel, who said this helps avoid "many of the problems that arise when friends are commingled with professional content creators". Further, the company is not profitable and its advertising business has not yet matured.
Harvey Weinstein responds to Uma Thurman's assault allegations
A representative for Weinstein denied physically assaulting Thurman and said the producer never threatened Thurman's career. Scotland Yard has received two new complaints of sexual assault against Harvey Weinstein from one woman.
More recently, Snap released a new in-app merchandise store as it continues its experiments to see what users are willing to pay for.
Q4 2017 earnings beat Wall Street estimates, a first for the company and a much-needed break for the financial side of a company that's struggled to make money despite being a technological success. Adjusted EBITDA was a loss of $158.9 million, compared to the adjusted EBITDA loss of $152.3 million in the year-ago quarter.
Lucas Moura joins Tottenham
The Argentine had been looking to sign the Brazilian for a number of weeks and finally got the deal over the line on deadline day. Lucas Moura proved to be the club's only January purchase, but he could prove to be a real difference-maker for Spurs .