What is it? How do you monetize those people that are on the platform?ĪKIKO FUJITA: No, that's a good point. It's not just about the people that you have on the platform. But as you mentioned, for Snap and maybe for the other social media companies as well, it's not just about the daily active users anymore. It wasn't necessarily about the numbers they put on the tape. So this is just kind of part of the story and the volatility for investors in Snap.īut having no guidance was really, I think, the big takeaway from yesterday's earnings. We've seen reactions to the stock after earnings that have seen the shares go up by 20% or 30%. The Street had expected them to lose a little bit more money on the bottom line.īut I think the big story for this company is what does the future look like, right? That's been part of the seesaw that we've seen every earnings quarter for, let's say, the last year or so, where every time they drop earnings, people react to it very sharply. They had much- not much better, but I mean, they had a better loss than expected. It's the advertising side that is really creating a big headwind.īRIAN CHEUNG: And they did beat, by the way, in their earnings. It's not that they're not getting engagement. But their daily active users actually grew. And Brian, we saw this stock really just slide in a big way yesterday, continuing those declines, down 37% right now.ĪKIKO FUJITA: It's an interesting storyline to me because, in some ways, the concerns about Apple's privacy settings there, that continuing to filter through into the quarter. They are delivering regardless of the current headwinds. Snap saying in its investor letter, it is not satisfied with the results.
The social media company posting its slowest ever rate of quarterly growth, while also unveiling plans to slow hiring. Video TranscriptĪKIKO FUJITA: Snap cratering after a brutal earnings report, missing on the top and bottom line. Yahoo Finance's Brian Cheung and Akiko Fujita discuss Snap earnings and analyst reratings on the stock.
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