"We are excited by the progress we have made delivering increased return on investment for our advertising partners, growing our community to 397 million daily active users, and reaching more than 4 million Snapchat+ subscribers," Snap CEO Evan Spiegel said in a statement. As of June 30, 2023, the company had 5,286 full-time workers, according to the letter. Because of these cuts, Snap wrote in a Tuesday letter to investors that its operating expenses shrank 8% year-over year in the second quarter, reaching $615 million. Like many tech companies, Snap initiated a major cost-cutting plan in 2022 that included laying off 20% of the company's overall workforce of 6,400 at the time. Last quarter, Snap did not provide official guidance for the second quarter, instead disclosing an "internal forecast" for revenue estimates in the time period. As part of its guidance, Snap expects between $1.07 billion and $1.13 billion in total sales for the third quarter, which it said implies "negative 5% to flat year-over-year growth."Īnalysts were projecting Snap to report third-quarter sales of $1.13 billion along with 406 million daily active users in the same period. Snap also issued financial guidance for the third quarter that it says is "built on the assumption" that the company's daily active users will reach between 405 million and 406 million. The social messaging business managed to narrow its net loss by 11% to $377.3 million, or 24 cents per share, in its second quarter, which ended June 30, 2023, from $422.1 million, or 26 cents, during the year-earlier period. It's the second straight period of declining year-over-year revenue. The company's overall sales in the second quarter declined 4% from the $1.11 billion it logged in the previous year during the same period. Snap reported second-quarter results that topped analysts' estimates but provided a weaker-than-expected forecast for the current period. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower How do I get a hold of Snap? If you have further questions regarding financing or have an existing account you can reach Snap at: Phone 87 Hours Mon-Sat 7am -9pm, Sun 8am-6pm Fax 86 Email Mailing Address 1760 W.Best Debt Consolidation Loans for Bad Credit However as soon as you pay your current lease off you can reapply for a new one. How do I make payments? Payments are automatically drafted from your account the day after each regular payday.Ĭan I have multiple leases at the same time? No. After 100 days can buyout before the 12 months and enjoy a discount lease fee. How much will I pay in interest? You pay no interest if pay it off with 100 days (price plus the initial payment). What is the maximum amount of financing I can get approved for? $3,300 Snap reports to secondary credit bureaus DataX and Clarity. equaling at least $1,000 per month.ĭoes Snap report to the credit bureaus? Yes. As long as you have an alternate form of income from Social Security, retirement, pension, etc. If I don't have a job can I still apply? Yes. When you're done, be sure to visit or contact us so you can pick out your furniture or if you have any questions. If you meet these requirements you are pre-approved! Fill out the online application for a quick response. Active Checking Account (No Overdraft Fees in Past Month).Also if you pay it off within 100 days there is no interest charge or 100 Days Same as Cash. The sooner you pay it off the lower the cost. The program works like rent-to-own: you're not charged for interest right away but rather month to month. It's great for anybody with bad credit or no credit. Snap Finance approves for up to $3,300 without going through all the hassle of traditional credit card lenders.
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