If you’re inclined to be optimistic about Snap Inc., the company’s earnings results on Tuesday gave you hope. The good news was Snap’s user numbers didn’t shrink, revenue growth was better than expected and spending was restrained by Snap’s modest standards. Snap all but said the number of its daily users wasn’t likely to grow much if at all in the second quarter. Snap said its outsourced computing costs, which make up about one-fifth of all expenses, was likely to go up because people are using Snap’s app more. Signs of optimism are there, sure, in better revenue growth, user stability and delivery on a long-promised new version of Snapchat’s Android app.

Source: Washington Post April 23, 2019 22:41 UTC