Snap, among the first of the major social-media platforms to report earnings, says third-quarter revenue rose 5% year-over-year to $1.2 billion.
Photo: Brent Lewin/Bloomberg NewsSnap, the parent company of the popular social-media app Snapchat , returned to positive revenue growth in the third quarter after two consecutive quarters of declining sales, citing improvements in its ad platform.
Snap, among the first of the major social-media platforms to report earnings, said Tuesday that third-quarter revenue rose 5% year-over-year to $1.2 billion.
Analysts had predicted a drop of 1.6%, according to FactSet.
Persons:
Brent Lewin
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Bloomberg