Snap says iOS privacy changes hit its ad business harder than expected

Snap says iOS privacy changes hit its ad business harder than expected

3 years ago
Anonymous $BH0TGXkyPe

https://techcrunch.com/2021/10/21/snap-q-3-2021-earnings/

In an earnings call Thursday, Snap said that it failed to meet revenue expectations for its third quarter. Snap reported $1.07 billion in Q3 revenue, missing Wall Street’s hopes that the company would bring in $1.1 billion.

The company notched 306 million daily active users, up from the 293 million it reported in Q2. That growth isn’t stratospheric, but it looks plenty healthy for a platform that risked falling out of relevance entirely not long ago.

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