[HN Gopher] Snap Earning Results Q3 2022 [pdf] ___________________________________________________________________ Snap Earning Results Q3 2022 [pdf] Author : mfiguiere Score : 24 points Date : 2022-10-20 20:18 UTC (2 hours ago) (HTM) web link (s25.q4cdn.com) (TXT) w3m dump (s25.q4cdn.com) | brad0 wrote: | SNAP is down ~$3 (27%) after hours. | | Revenue has increased 6% YoY. Average revenue per User is down to | $3.11 Q3 2022, from $3.49 Q3 2021. | | Net loss is $360m Q3 2022, from $72m Q3 2021. $155m of that was | due to restructuring. | | Where does Snap go from here? | gsanderson wrote: | I guess in the short-term, fire even more people to cut | expenses. I recall they were planning to let 20% go. Longer- | term, I guess hope to be acquired? | toomuchtodo wrote: | Yep, lean up and get bought or have PE take it private at a | more reasonable enterprise value. | endisneigh wrote: | These companies just have too many employees. Snap can satisfy | the same niche with a quarter of the employees imo. | fullshark wrote: | That would involve admitting you're a niche company/service and | not headed for global dominance. Can't do that. | mandeepj wrote: | > not headed for global dominance | | I guess global dominance is shown more by metrics like | MAU/Revenue per user and so on | seibelj wrote: | Yes they can - once the market stops believing them, private | equity takes them private, cuts costs massively and | streamlines, then gets re-acquired or goes public again much | improved - minus the founder. | [deleted] | jeffbee wrote: | In which the lesson is: if a stock is going to zero, it's never | too late to short it. | peter_l_downs wrote: | > Given uncertainties related to the operating environment, we | are not providing our expectations for revenue or adjusted EBITDA | for the fourth quarter of 2022. | | Can anyone tell me what to make of this? That has to be a bad | sign, right? | nappy-doo wrote: | Not really. Leaving aside the fact that EDBITDA is a bullshit | number, guidance is not something every company provides, and | in my experience the "hitting the numbers game" causes | companies to do sketchy things. ___________________________________________________________________ (page generated 2022-10-20 23:00 UTC)