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Fashion Jobs
H&M
Business Expert to h&m Group Business Tech
Permanent · Stockholm
H&M
Business Analyst For The h&m Brand Customer Insights & Analytics Team
Permanent · Stockholm
H&M
Production Manager – m&c – Divided
Permanent · Stockholm
H&M
Production Manager – m&c – Divided
Permanent · Stockholm
H&M
Head of Merchandising eu Retail - & Other Stories
Permanent · Stockholm
H&M
Technical Product Owner – Loyalty Engine/CRM
Permanent · Stockholm
H&M
Product Owner – Topdown Planning Assortment
Permanent · Stockholm
MARC O' POLO
Sales Manager / Key Account Manager Scandinavia M/W/D
Permanent · STOCKHOLM
H&M
Senior Business Controller to h&m Sport
Permanent · Stockholm
H&M
Product Owner Within Circular Business Models
Permanent · Stockholm
H&M
Technical Product Owner For ci/cd Team
Permanent · Stockholm
H&M
Business Analyst h&m Sport
Permanent · Stockholm
H&M
Business Experts to Inventory Optimization
Permanent · Stockholm
H&M
Art Buyer - h&m Sport
Permanent · Stockholm
RITUALS
Senior Account Manager Wholesale Nordics
Permanent · Stockholm
H&M
Product Owner to External Group Communications, Business Tech
Permanent · Stockholm
H&M
Head of New Business Development - h&m Sport
Permanent · Stockholm
H&M
E-Commerce Operations Coordinator / Business Expert
Permanent · Stockholm
H&M
E-Commerce Business Analyst
Permanent · Stockholm
H&M
Data Analyst to a Data Driven Team in Business Tech
Permanent · Stockholm
H&M
Senior Agile Project Manager For Business And Tech Development
Permanent · Stockholm
H&M
Business Expert – Colleague Development & Growth
Permanent · Stockholm
By
Reuters API
Published
Jul 23, 2021
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Snap beats user, revenue estimates with highest growth in 4 years

By
Reuters API
Published
Jul 23, 2021

Snap Inc on Thursday beat analysts' estimates for both user and quarterly revenue growth and notched the highest growth rates since late 2017, as new features on its messaging app Snapchat attracted more users.

Snap's revenue jumped 116% to $982 million, beating analyst targets of $845.9 million - Reuters


Snapchat, known for its Stories feature that lets users post updates that disappear after 24 hours, has grown its app into five distinct parts spanning media content and viral short-form video clips in an effort to keep users engaged and draw in more advertisers.

Daily active users rose 23% to 293 million during the second quarter ended June 30, beating Wall Street estimates of 290.3 million, according to IBES data from Refinitiv. User growth topped the company's prior best of 22%.

Snap's revenue jumped 116% to $982 million, beating analyst targets of $845.9 million. Previously, the company's strongest growth rate was 66%.

The company continued to grow throughout the pandemic by promoting ad formats on Snapchat geared toward bringing in sales for advertisers, such as letting users swipe up on a mobile ad to go to the brand's website.

New privacy controls implemented by Apple Inc in April, which are intended to limit digital advertisers from tracking iPhone users without their knowledge, caused "some disruption" to advertiser demand, said Snap's Chief Business Officer Jeremi Gorman in a statement, though she added it was too early to tell the long-term impact on Snap's business.

Snap has also invested heavily in augmented reality technology to help users virtually try on makeup or clothes, for example, in order to help brands increase sales.

The Santa Monica, California-based company forecast third quarter revenue to be between $1.07 billion to $1.09 billion, and daily active users to grow 21% year-over-year to 301 million.

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