Snap’s Q3 2018 revenue increases by 43%
Snap Inc. has announced its third quarter 2018 financial results. The company’s revenue in the quarter increased by 43% to $298 million.
Here are some more statistics.
- The company’s operating cash flow reached $133 million in Q3 2018
- Twelve months revenue increased 53% to $1.1 billion, compared to the prior year.
Snap CFO Tim Stone says, “We’re investing in long-term growth opportunities and driving operational efficiencies. We achieved record revenue and strong bottom-line results this quarter and expect a record fourth quarter, as we continue to invest in innovation for our community and scale our business”.
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