Snap Inc. will report its third-quarter earnings after the closing bell on Tuesday.
The primary question for investors is whether the young public company can continue to grow its business while under mounting pressure from Facebook’s copying efforts.
Wall Street’s revenue expectations for the Snapchat-maker have been cut in recent months due to slower than expected momentum around its self-service platform for advertisers. Last month, research firm eMarketer slashed its 2017 Snap revenue projection for the second time this year.
Snap has already had multiple rounds of layoffs and plans to slow hiring in 2018, according to an internal email sent by CEO Evan Spiegel to employees and obtained by Business Insider last month. The company had $2.8 billion in available cash as of late June but has significant business costs to contend with, like its $2 billion, five-year commitment to use Google’s cloud hosting service.
Here are the key numbers analysts expect in Snap’s Q3 earnings:
- Revenue: $235.5 million expected, up roughly 84% from the year-ago period.
- Earnings per share (adjusted): Net loss of $0.15 expected.
- Daily active users: 8 million new users since Q2, for a total of 181 million users.
Business Insider will be covering Snap’s earnings results and the call with executives, which kicks off at 5 PM Eastern, so hit refresh or click here for the latest updates.
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