Snap Reports Anemic Ad Growth

T1Covered by 1 source · first reported by The Information (teasers) at 04 Nov, 21:44 UTC

Snap posted 14% higher revenues of $1.7 billion, but once again the growth was driven mostly by subscriptions rather than advertising where growth remains anemic at 4% for the quarter. The company swung to a net income of $56.5 million after losing $103.5 million a year earlier. Still, investors ...