Technology

Snap Inc. Announces Third Quarter 2023 Financial Results

Snap Inc. Announces Third Quarter 2023 Financial Results Revenue increased 5% year-over-year to $1,189 million Daily Active Users increased 12% year-over-year to 406 million Net loss was $368 million and Adjusted EBITDA was positive $40 million SANTA MONICA, Calif.–(BUSINESS WIRE)–October 24, 2023– Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended September 30, 2023. “Our revenue returned to positive growth in Q3, increasing 5% year-over-year and flowing through to positive adjusted EBITDA as our reprioritized cost structure demonstrated the leverage in our business model,” said Evan Spiegel, CEO. “We are focused on improving our advertising platform to drive higher return on investment for our advertising partners, and we have evolved our go-to-market efforts to better serve our partners and drive customer success.” Jerry Hunter, Chief Operating Officer, has notified Snap that he will retire. Mr. Hunter joined Snap seven years ago and served an important role in

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F5 Fiscal Q4 Non-GAAP EPS, Revenue Increase; Issues Outlook

F5 (FFIV) reported fiscal Q4 non-GAAP earnings late Tuesday of $3.50 per diluted share, up from $2.62 a year earlier. Analysts polled by Capital IQ expected $3.21. Revenue for the quarter ended Sept. 30 was $707 million, up from $700 million a year earlier. Analysts surveyed by Capital IQ expected $702.3 million. The company expects fiscal Q1 non-GAAP EPS between $2.97 and $3.09 and revenue between $675 million and $695 million. Analysts polled by Capital IQ expect $3.04 and $696.8 million.

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