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Snap reports 72% gain in revenue YOY; net losses widen

Snap Inc. on Feb. 6 reported a 72.4% year-over-year gain in revenue for the quarter ended Dec. 31, 2017, to $285.7 million, up from $165.7 million in the prior-year period.

Net losses widened, however, to $350.0 million, or a loss of 28 cents per share, compared to $169.9 million, or a loss of 20 cents per share, in the fourth quarter of 2016. The S&P Capital IQ consensus estimate for GAAP EPS was a loss of 33 cents.

Its daily active users totaled 187 million in the most recent quarter.