×
1 290
Fashion Jobs
V. F. CORPORATION
Key Account Manager
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots Bath - 28 Hours - Permanent
Permanent · Bath
CONVERSE
Strategic Account Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Covent Garden, London - 20 Hours - Permanent
Permanent · London
SHISEIDO
National Account Manager
Permanent · London
TIMBERLAND
Credit Controller - French Speaking - Timberland
Permanent · CALVERTON
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 15 Hours - Permanent
Permanent · Belfast
ESTÉE LAUDER
Clinique - Consultant - Boots Sedley Place, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Stratford, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Durham - 6 Hours - Permanent
Permanent · Durham
ESTÉE LAUDER
Clinique - Consultant - Boots Londonderry - 11 Hours - Permanent
Permanent · Londonderry
ESTÉE LAUDER
Clinique - Consultant - Boots Kensington, London - 22.5 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 10 Hours - Permanent
Permanent · Belfast
BRAND STABLE LTD
Wholesale Sales Executive
Permanent · LONDON
LAIDBACK LONDON
Digital Marketing Manager
Permanent · HARROW
MARSHALLS
70118-lp Detective
Permanent · Banning
ESTÉE LAUDER
Clinique - Consultant - Boots, Watford - 22.5 Hours - Part Time, Permanent
Permanent · Watford
ESTÉE LAUDER
Tom Ford Beauty - Digital Marketing Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 6 Hours - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Boots st Albans- 22.5 Hours - Permanent
Permanent · St Albans
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Oxford Street London - 15 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Tom Ford - Business Manager - Fenwick - Bracknell - 37.5 Hours - Full-Time, Permanent
Permanent · Bracknell
Advertisements
By
Reuters API
Published
Jul 23, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Snap beats user, revenue estimates with highest growth in 4 years

By
Reuters API
Published
Jul 23, 2021

Snap Inc on Thursday beat analysts' estimates for both user and quarterly revenue growth and notched the highest growth rates since late 2017, as new features on its messaging app Snapchat attracted more users.

Snap's revenue jumped 116% to $982 million, beating analyst targets of $845.9 million - Reuters


Snapchat, known for its Stories feature that lets users post updates that disappear after 24 hours, has grown its app into five distinct parts spanning media content and viral short-form video clips in an effort to keep users engaged and draw in more advertisers.

Daily active users rose 23% to 293 million during the second quarter ended June 30, beating Wall Street estimates of 290.3 million, according to IBES data from Refinitiv. User growth topped the company's prior best of 22%.

Snap's revenue jumped 116% to $982 million, beating analyst targets of $845.9 million. Previously, the company's strongest growth rate was 66%.

The company continued to grow throughout the pandemic by promoting ad formats on Snapchat geared toward bringing in sales for advertisers, such as letting users swipe up on a mobile ad to go to the brand's website.

New privacy controls implemented by Apple Inc in April, which are intended to limit digital advertisers from tracking iPhone users without their knowledge, caused "some disruption" to advertiser demand, said Snap's Chief Business Officer Jeremi Gorman in a statement, though she added it was too early to tell the long-term impact on Snap's business.

Snap has also invested heavily in augmented reality technology to help users virtually try on makeup or clothes, for example, in order to help brands increase sales.

The Santa Monica, California-based company forecast third quarter revenue to be between $1.07 billion to $1.09 billion, and daily active users to grow 21% year-over-year to 301 million.

© Thomson Reuters 2021 All rights reserved.