Snapchat User Growth Disappoints in Another Down Quarter<br />video that Snap put together, Mr. Greenfield said, “essentially nothing you heard today sounds like what you heard back then.”<br />In total, Snap’s third quarter revenue was $207.9 million, up 62 percent from a year ago but below Wall Street estimates of $235.5 million.<br />“This has been a good test for our business.”<br />Mr. Spiegel also said that Snap was redesigning its app to make it easier to use and<br />that the company would focus on user growth in 2018, as well as on content and augmented reality.<br />Snap added 5 million users to its Snapchat messaging service from the previous quarter,<br />but that, too was below estimates from Wall Street, which expected 8 million new users.<br />The company reported revenue for the third quarter<br />that missed Wall Street expectations and also posted a larger-than-expected loss, as well as high costs.<br />Its net loss was $443.2 million — nearly four times the size of the loss a year ago and more than twice as large as what analysts had predicted.
