Snapchat ’s Q3 2018 financial results show users are still leaving its app , even as revenue improved . Daily active users dropped to 186 million , down 1 % quarter - on - quarter , after a 2 % fall in Q2 2018 . Overall user numbers were up 5 % compared to last year , but the social media platform predicted it would lose more in Q4 2018 . While average revenue has dropped in the developing world , it has improved in Europe and the uk . In Q3 2018 , it beat revenue expectations of $ 283 m , reaching $ 298 million with an earnings - per - share loss of $ 0.12 . Shares fell 9.3 % to a historic low of $ 6.31.snap
Snapchat’s Q3 2018 financial results show users are still leaving its app, even as revenue improved. Daily active users dropped to 186 million, down 1% quarter-on-quarter, after a 1.5% fall in Q2 2018. Overall user numbers were up 5% compared to last year, but the social media platform predicts it will lose more in Q4 2018. While average revenue has dropped in the developing world, it has improved in Europe and the US. In Q3 2018, it beat revenue expectations of $283m, reaching $298m with an earnings-per-share loss of $0.12. Shares fell 9.3% to a historic low of $6.31.snap