Snap’s third-quarter revenue of $1.13 billion net loss widened 400% year-on-year

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In the early morning of October 21st, Beijing time, Snap, the parent company of Snapchat, the “flash after reading” communication application, today released the company’s financial report for the third quarter of fiscal year 2022. According to the report, Snap’s third-quarter revenue was $1.128 billion, an increase of 6% compared with the $1.067 billion in the same period last year; the net loss was $360 million, an increase of 400% compared with the net loss of $72 million in the same period last year; attribution Diluted net loss per share attributable to common stockholders was $0.22, an increase of 347% compared to the net loss per diluted share attributable to common stockholders of $0.05 in the same period last year. (Tang Feng)

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