There is no peace for Snap, parent company of Snapchat. After the 23% collapse recorded in yesterday's session (aa price of 12 dollars, against the 17 of the IPO price), today a new day of passion is announced: in the pre-market, the share of the social network leaves another 22% on the ground . And to say that just over two months ago, during the his first session on the stock market, the share had risen to $24,48, a 48% jump in just a few hours.
Triggering the surge in chat sales with self-deleting messages was the first quarterly from a listed company. In fact, the January-March period closed with a loss of over two billion dollars, sales that almost tripled but were lower than estimates and an unconvincing growth in users in the eyes of analysts.
They weighed costs related to the IPO of around 2 billion. At an operating level, the loss was 188,2 million, worsening from that of 93,2 million of the previous year and more than the expected 181 million. The group saw a 286% boom in its revenues compared to the same period last year, to 149,65 million, but the market had expected a surge to 158 million.
There were 166 million daily active users, up 5% on the period October-December 2016 and 36% on the first quarter of 2016. Analyst forecasts ranged from zero growth to 10%. The average sales generated by each user fell by 14% over the three months.
