Snap users fall again in Q3 while revenues hit new record

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(Telecompaper) Snap reduced its losses and grew revenues in the third quarter but showed another drop in users of its app Snapchat, a trend expected to continue in Q4. Revenues rose 43 percent to a record USD 298 million, better than the company’s outlook, and the adjusted EBITDA loss narrowed to USD 138 million from USD 179 million, also better than forecast. 
Source: Industry News (syndicated from Telecompaper.com)

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