Tech: Snap's Hot Dog is the Only One Dancing
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 11 August 2017
⏱️ 25 minutes
🧾️ Download transcript
Summary
Snap's quarterly update was... uninspiring. On this show, we talk about the updated user counts, ask some questions on engagement metrics, and run through the new financials.
Transcript
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| 0:00.0 | Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. |
| 0:07.0 | Friday, August 11th, we're running through Snap's second quarterly report as a public company. I'm your host Dylan Lewis and I'm joined |
| 0:14.6 | on Skype by fool.com senior tech specialist Evan New. Evan what's going on? |
| 0:19.1 | Well I mean you know how much I love Snap, so this should be a fun show. |
| 0:23.7 | Yeah, I will say, I love her. I love earning season, but this is the show that I have been looking forward to most |
| 0:29.5 | this quarter. You know, Snap is a company that a lot of people have been watching for a long time. |
| 0:34.5 | It is probably the biggest IPO of the year and it's always great to get some |
| 0:40.4 | fresh numbers and kind of get an update on what's going on with the business, particularly when it moves |
| 0:45.4 | quite as much as it does, you know, when it snap. |
| 0:49.5 | So looking at the results, really all you need to do is take a glimpse at the stock chart and |
| 0:55.2 | that says everything about the market's opinion of what Snap dropped this |
| 0:58.5 | quarter, huh? Yeah, I mean people were not not very pleased to obviously the user growth is always for any social media company kind of a big headline number and they fell short. |
| 1:10.0 | Yeah, so revenue for Q2 was 182 million, which is up 153% year over year. |
| 1:17.0 | Given how early SNAP is in its monetization process, |
| 1:22.0 | the lumpiness there and the massive growth figures are... Snap is in its monetization process. |
| 1:22.7 | The lumpiness there and the massive growth figures |
| 1:24.6 | are kind of hard to even really take seriously. |
| 1:27.6 | But the user numbers, like you said, |
| 1:31.6 | kind of a struggle. The company now has 173 million daily |
| 1:35.4 | active which is an increase of 21% year over year, |
| 1:38.7 | just a 4% sequential boost. |
| 1:40.9 | And I know the market was looking for more with what happened with the top line and what happened on the user side |
... |
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