MARKETWIRED – Aug 13 – Q2 total revenue decreased by $63k compared to Q1 2016 and 18% YOY due to a decrease in the number of active subscribers. Advertising revenue increased by $42k, or 37% YOY. Total expenses were reduced by $509K in the Q2. Net loss increased to 841k from 259k in Q2 2015. Snap kicked-off development of a new product targeting users 50+ and translated FirstMet service into nine additional languages to test opportunities in international markets.
Here is the earnings call transcript.
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Summarized by the Courtland Brooks team