Snap is having a bad day

Ho boy — there are bad days and there are bad days in an earnings season, and this is definitely the latter for Snap.

The company released its quarterly report for its financial performance in the third one-quarter this year, and as a result, the company’s stock is absolutely cratering. It’s bad even by recent-IPO status, which are especially vulnerable to sways in shares as Wall Street tunes its models to where it supposes the company is going — and it dropped nearly 20 percent after research reports came out today. What may be more regarding, which we’ll get at afterward, is that the cost of hosting its users still seems to be an issue.

We’ll let the stock chart today speak for itself šŸ˜› TAGEND

Q3 revenue: $207.9 million, compared to $236.9 million Wall street estimations( up 62 percentage Y/ Y)

$207.9 million, compared to $236.9 million Wall street estimations( up 62 percent Y/ Y) Q3 earnings: loss of 14 cents per share, compared to a loss of 15 pennies per share Wall street estimates

loss of 14 cents per share, compared to a loss of 15 pennies per share Wall Street estimates Q3 DAUs: 178 million, up 17 percent year-over-year from 153 million and 3 percent quarter-over-quarter from 173 million.

178 million, up 17 percent year-over-year from 153 million and 3 percent quarter-over-quarter from 173 million. Q3 ARPU: $1.17, up 39 percentage year-over-year from 84 pennies and 12 percentage quarter-over-quarter from $1.05