[HN Gopher] Snap Earning Results Q3 2022 [pdf]
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       Snap Earning Results Q3 2022 [pdf]
        
       Author : mfiguiere
       Score  : 24 points
       Date   : 2022-10-20 20:18 UTC (2 hours ago)
        
 (HTM) web link (s25.q4cdn.com)
 (TXT) w3m dump (s25.q4cdn.com)
        
       | brad0 wrote:
       | SNAP is down ~$3 (27%) after hours.
       | 
       | Revenue has increased 6% YoY. Average revenue per User is down to
       | $3.11 Q3 2022, from $3.49 Q3 2021.
       | 
       | Net loss is $360m Q3 2022, from $72m Q3 2021. $155m of that was
       | due to restructuring.
       | 
       | Where does Snap go from here?
        
         | gsanderson wrote:
         | I guess in the short-term, fire even more people to cut
         | expenses. I recall they were planning to let 20% go. Longer-
         | term, I guess hope to be acquired?
        
           | toomuchtodo wrote:
           | Yep, lean up and get bought or have PE take it private at a
           | more reasonable enterprise value.
        
       | endisneigh wrote:
       | These companies just have too many employees. Snap can satisfy
       | the same niche with a quarter of the employees imo.
        
         | fullshark wrote:
         | That would involve admitting you're a niche company/service and
         | not headed for global dominance. Can't do that.
        
           | mandeepj wrote:
           | > not headed for global dominance
           | 
           | I guess global dominance is shown more by metrics like
           | MAU/Revenue per user and so on
        
           | seibelj wrote:
           | Yes they can - once the market stops believing them, private
           | equity takes them private, cuts costs massively and
           | streamlines, then gets re-acquired or goes public again much
           | improved - minus the founder.
        
       | [deleted]
        
       | jeffbee wrote:
       | In which the lesson is: if a stock is going to zero, it's never
       | too late to short it.
        
       | peter_l_downs wrote:
       | > Given uncertainties related to the operating environment, we
       | are not providing our expectations for revenue or adjusted EBITDA
       | for the fourth quarter of 2022.
       | 
       | Can anyone tell me what to make of this? That has to be a bad
       | sign, right?
        
         | nappy-doo wrote:
         | Not really. Leaving aside the fact that EDBITDA is a bullshit
         | number, guidance is not something every company provides, and
         | in my experience the "hitting the numbers game" causes
         | companies to do sketchy things.
        
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       (page generated 2022-10-20 23:00 UTC)