
Snap's Numbers Do a Somersault!
Okay so Snap you know the one with the disappearing photos had a first quarter that's like one of my movie fight scenes – a bit chaotic but with some impressive moves! They made $1.36 billion (USD) which is a tiny bit more than people thought. Like when I'm fighting sometimes I get hit sometimes I don't! But then they didn't want to say what they think will happen next. It's like trying to predict where a bad guy will jump – tough job! The shares? They did a bit of a face plant after hours. Ouch! You know what I say 'Don't be afraid to make mistakes but try not to make too many' (especially with money!).
The Mystery of the Missing Guidance!
Now this is where it gets tricky. Snap didn't give us the 'guidance' for the next quarter. That's like me not knowing the next stunt in a movie! They said it's because of 'macro economic conditions'. Sounds serious! Apparently they're worried that the economy might wobble and companies might not want to spend as much on those fancy ads. It's like when a director tells me we need to cut back on explosions – disappointing but sometimes necessary!
Trump's Trade Tussle Troubles!
They mentioned Donald Trump's 'evolving trade plans'. Oh boy that's a can of worms! It sounds like they're worried about trade wars and all that stuff. It's like when I'm trying to mediate between two fighting friends – complicated and everyone gets a little bruised! Snap is blaming potential ad spending cuts on these economic tensions. It's a 'high kick' to the advertising budget maybe?
Ads: The Good The Bad and The Disappearing!
The good news? Ad revenue is up a bit! But the 'brand oriented' stuff took a dive. It is a bit like making movies sometimes you win sometimes you lose! But that's business. They are also trying to spend less. Always a good idea in my book! 'Sometimes it takes a few tries to get things right' I think I said that after a really bad stunt take!
Other Tech Titans Tumble (Slightly)!
Even big guys like Alphabet (you know Google's parent) are feeling a bit of a breeze in their hair. It's like when even the strongest martial artist feels a little pain after a big fight! Snap is not alone in this feeling. But that's how business goes... Ups and downs!
Bottom Line: Snap's Still Kicking!
So what does it all mean? Snap lost a bit of money but less than last year! They got more people using it which is good! It’s like when I get a few bumps and bruises but I am still standing! Overall they're doing okay but they're being careful. Which in my book is always a smart move. 'I don't want to die in a car accident. When I die I want it to be on set 80 years old after my final shot.'... Snap probably doesn't want to 'die' either! Now if you'll excuse me I need to go practice my next stunt. Stay safe everyone!
Comments
- No comments yet. Become a member to post your comments.