SYT 0.00% 0.1¢ syntonic limited

Snap officially filed for an IPO on Thursday, and told investors...

  1. 250 Posts.
    Snap officially filed for an IPO on Thursday, and told investors it "may never achieve or maintain profitability."
    Snapchat's revenue growth is astounding — and so are its losses. Here are the highlights.
    • Net revenue: $404.48 million in 2016, up from $58.66 million in 2015
    • Net loss: $514.64 million in 2016, wider than $372.89 million in 2015
    • Loss from operations: $520.39 million in 2016, wider than $381.73 million in 2015
    • Usage: 161 million daily active users in the December quarter (60 million daily active users in the United States and Canada)
    • Average revenue per user: $1.05 in the December quarter ($2.15 in North America)
    • Time spent: 25 to 30 minutes a day
    • Head count: 1,859 employees
    Last edited by GoLi: 03/02/17
 
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