Snap CEO Evan Spiegel.SnapSnap, the company that makes the Snapchat app, will report its fourth-quarter 2017 earnings on Tuesday shortly after the markets close.
Here’s what Wall Street is expecting, according to Bloomberg analyst estimates:
- EPS (adjusted): -$0.16
- Revenue: $252.8 million
Snapchat announced last year that it would redesign its app in order to help juice user growth and make it easier to use for newcomers. But that was three months ago, and the redesign still hasn’t rolled out to most users. It was originally supposed to launch last December, Business Insider first reported. The company will also allow users to embed content from stories on the web, the first time Snap has formally allowed content to be shared outside the core app.
Snap appears to be exploring alternative revenue streams beyond advertising in Snapchat. Last week it began selling Snapchat merchandise like T-shirts, dancing hot dog plush dolls, and hats inside the app.
Business Insider will be covering the results live as they roll in, so hit refresh or click here for the latest details.
Get the latest Snap stock price here.
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