-
Brignone claims second Olympic gold, Shiffrin misses podium
-
Evans wins Rally Sweden to top championship standings
-
No handshake between India, Pakistan captains before T20 World Cup clash
-
French 'ultra-left' behind killing of right-wing youth: justice minister
-
Forest appoint Pereira as fourth boss this season
-
Norwegian cross-country skier Klaebo wins a Winter Olympics record ninth gold
-
'King of the Moguls' Kingsbury bows out on top with Olympic dual moguls gold
-
Hiam Abbass says 'cinema is a political act' after Berlin row
-
'Imposter' Nef shooting for double Olympic gold
-
Brignone leads giant slalom in double Olympic gold bid, Shiffrin in striking distance
-
After Munich speech, Rubio visits Trump's allies in Slovakia and Hungary
-
England's Banton at home in first World Cup after stop-start career
-
Australia's Aiava slams 'hostile' tennis culture in retirement post
-
Nepal recover from 46-5 to post 133-8 against West Indies
-
Emotional Kim captures first title in 16 years at LIV Adelaide
-
Exiled Kremlin critic on fighting Putin -- and cancer -- from abroad
-
Berlinale filmmakers make creative leaps over location obstacles
-
I want answers from my ex-husband, Gisele Pelicot tells AFP
-
Interpol backroom warriors fight cyber criminals 'weaponising' AI
-
New world for users and brands as ads hit AI chatbots
-
Japan's 'godless' lake warns of creeping climate change
-
US teen Lutkenhaus breaks world junior indoor 800m record
-
World copper rush promises new riches for Zambia
-
Paw patrol: Larry the cat marks 15 years at 10 Downing Street
-
India plans AI 'data city' on staggering scale
-
Jamaica's Thompson-Herah runs first race since 2024
-
Crash course: Vietnam's crypto boom goes bust
-
Ahead of Oscars, Juliette Binoche hails strength of Cannes winners
-
US cattle farmers caught between high costs and weary consumers
-
New York creatives squeezed out by high cost of living
-
Lillard matches NBA 3-point contest mark in injury return
-
NBA mulling 'every possible remedy' as 'tanking' worsens
-
Team USA men see off dogged Denmark in Olympic ice hockey
-
'US-versus-World' All-Star Game divides NBA players
-
Top seed Fritz beats Cilic to reach ATP Dallas Open final
-
Lens run riot to reclaim top spot in Ligue 1, Marseille slip up
-
Last-gasp Zielinski effort keeps Inter at Serie A summit
-
Vinicius bags brace as Real Madrid take Liga lead, end Sociedad run
-
Liverpool beat Brighton, Man City oust Beckham's Salford from FA Cup
-
Australia celebrate best-ever Winter Olympics after Anthony wins dual moguls
-
Townsend becomes a fan again as Scotland stun England in Six Nations
-
France's Macron urges calm after right-wing youth fatally beaten
-
China's freeski star Gu recovers from crash to reach Olympic big air final
-
Charli XCX 'honoured' to be at 'political' Berlin Film Festival
-
Relatives of Venezuela political prisoners begin hunger strike
-
Trump's 'desire' to own Greenland persists: Danish PM
-
European debate over nuclear weapons gains pace
-
Newcastle oust 10-man Villa from FA Cup, Man City beat Beckham's Salford
-
Auger-Aliassime swats aside Bublik to power into Rotterdam final
-
French prosecutors announce special team for Epstein files
Snapchat gains users but continues to lose money
Snap shares plunged more than 16 percent on Thursday when a disappointing financial outlook eclipsed a rise in users of the image-centric social network Snapchat.
California-based Snap said its loss in the recently-ended quarter shrank to $249 million from $377 million in the same period a year earler, while revenue grew to $1.2 billion from $1 billion.
Snap touted hitting a milestone of more than 850 million monthly users in the quarter.
"We continued to scale our advertising platform with active advertisers more than doubling year-over-year," Snap chief executive Evan Spiegel said in an earnings release.
Investors appeared to focus on Snap's forecast that revenue would grow 12 percent to 16 percent in the current quarter, expecting more from the social network's ad platform.
Snap shares were down more than 16 percent to $10.73 in after-market trades.
In recent years, the company has been challenged to compete for ad revenue against Meta's Instagram, Google-owned YouTube and TikTok.
After its launch in 2011, Snapchat became a hit, particularly with young smartphone users, by letting people share photos or videos in messages that self-destruct after being viewed.
It also innovated with the use of filters for shared content, but an expansion into hardware such as drones and eyeglasses failed to gain traction.
Snap's generative artificial intelligence (AI)-powered Snapchat+ service now has 11 million subscribers, up from 7 million at the end of 2023, according to the company.
"We continue to invest in Generative AI models and automation for the creation of ML and AI Lenses," Snap said in the earnings release.
Early this year, Snap let go ten percent of its staff, saying it was "reorganizing our team to reduce hierarchy and promote in-person collaboration."
Its full year loss for 2023 was $1.4 billion.
C.Garcia--AMWN