Snap Inc (SNAP) PT Raised to $21 at RBC Capital; Q3 Results 'Strong'
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Snap Inc. Announces Third Quarter 2019 Financial Results
October 22, 2019 4:10 PM EDTDaily Active Users increased 13% year-over-year to 210 million
Revenue increased 50% year-over-year to $446 million
Operating cash flow improved 43% year-over-year to $(76) million
SANTA MONICA, Calif.--(BUSINESS WIRE)-- Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended September 30, 2019.
Financial Highlights
Operating cash flow improved by $56 million to $(76) million in Q3 2019, compared to the prior year. Free Cash Flow improved by $75 million to $(84) million in Q3 2019, compared to the prior year. Common shares outstanding plus shares... More