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Drive shack earnings call
Drive shack earnings call













drive shack earnings call drive shack earnings call

Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented.

drive shack earnings call drive shack earnings call

General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Shacknews will continue to share the biggest financial stories in technology.Disclaimer: The TipRanks Smart Score performance is based on backtested results. Today also brought financial news for Microsoft and Google by way of their own earnings reports. This forecast also assumes modest sequential headcount growth as we continue to carefully calibrate our operating investments to focus on the inputs most essential to the acceleration of topline growth. At this level of revenue, we estimate that Adjusted EBITDA will be between negative $50 million and negative $100 million reflecting estimated infrastructure costs per DAU of $0.79 to $0.84 in Q3, as we continue to invest in ML, AI, and other infrastructure to improve the performance of our ad platform, drive deeper content engagement, and bring innovative product experiences to our community. Our guidance range for Q3 revenue reflects our best estimate of these factors, with total revenue estimated to be between $1,070 to $1,130 million implying negative 5% to flat year-over-year growth. From a revenue perspective, our business remains in a period of rapid transition as we work to improve our advertising platform, while forward visibility of advertising demand remains limited. Snapchat also provided guidance for the upcoming third quarter.Īs we enter Q3, we anticipate continued robust growth in our global community and, as a result, our financial guidance for Q3 is built on the assumption that DAU will reach 405 million to 406 million in Q3. “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,” said Evan Spiegel, CEO. The company also posted a $0.02 loss-per-share against an expected loss of $0.04. In the report, Snapchat revealed a $1.07 billion quarter, which comes in just under the expectation of $1.1 billion. Snapchat’s Q2 2023 earnings results were shared in an official press release on its website today. While the company missed on revenue and reported a loss on EPS, it wasn’t as bad as some analysts were expecting. It’s a bit of a mixed bag this time around. Snapchat (SNAP), the company behind the social media platform known for its ephemeral posts and camera technology, is among those sharing its latest round of earnings this week.















Drive shack earnings call