https://techcrunch.com/2017/11/07/snap-earnings-q3-2017/

Snap’s losing streak continued with today’s Q3 2017 earnings report that saw it miss financial expectations and add just 4.5 million users. Snap earned $207.9 million in revenue with a loss of $0.14 per share, compared to expectations of a $237 million in revenue and a loss of $0.15 EPS. The 178 million total daily users equates to a 2.9% quarter-over-quarter user growth rate, it’s lowest ever, and much slower than the 4.2% in Q2 and 5% in Q1. Analysts had expected 180 million users.

Snap’s share price closed at $15.12 today before earnings were announced. The share price fell over 15% when the awful earnings were announced, bringing the share price down to hover around $12.75. Snap will have to hope its plan for a sweeping redesign and a shift from reverse-chronological Stories list to an algorithmically personalized list will save it.