Snaps earnings show that users arent disappearing anymore

first_img Snapchat Tags Getty Images Snap, which has struggled to keep users on its Snapchat app, broke its losing streak.Snap said Tuesday that 186 million users logged in to the vanishing-messaging app daily in the fourth quarter, the same number as in the previous quarter. Snap had seen a drop in daily usage for two consecutive quarters last year after an unpopular redesign of the app.The results helped the company boost revenue and narrow its loss compared with the same period last year.Investors loved the news, pushing the company’s shares as much as 20 percent higher in after-hours trading. That isn’t to say Snap doesn’t have challenges. The company is working on a new version of the app for Android. Snap is also dealing with a string of executive departures, including Tim Stone, the chief financial officer who said last month that he was leaving after less than a year on the job. It also has to compete with larger social networks such as Facebook and its Instagram service, both of which have been investing more in ephemeral messaging, for ad dollars. “The transitions we made in both the Snapchat platform and our business last year were necessary and created many of the opportunities we have ahead of us,” said Snap CEO Evan Spiegel during a conference call with analysts. “But change is always difficult and this past year was no exception.”Snap has rolled out a new version of its Android app to a small percentage of its users, but didn’t say when it will be released more broadly. Spiegel also said during the conference call that the company is trying to get users between the ages of 13 to 34 to spend more time on the app by releasing more original shows on the platform. At the same time, the company is focusing on personalizing the app for users above 34 years old and expanding internationally. In the fourth quarter, the company grew its revenue by 36 percent, to $389.8 million, beating the $377.52 million expected on average by analysts surveyed by Thomson Reuters.Snap reported an adjusted loss, which excludes expenses such as employee stock compensation, of 4 cents a share compared with a loss of 13 cents in the same quarter last year. Analysts expected a loss of 7 cents a share. The company also doesn’t expect daily active users to decline in the first three months of 2019. “The fact that Snap was able to maintain its daily active user base quarter over quarter is a positive sign,” Debra Aho Williamson, an analyst with eMarketer, said in an email. “When Snap finally rolls out its updated Android app, it could move the company back into growth territory.”First published Feb. 5, 1:23 p.m. PTUpdate, 2 p.m.: Adds quote from analyst. 3:17 p.m.: Adds remarks from conference call. CES 2019: See all of CNET’s coverage of the year’s biggest tech show.Everything about Fortnite: What you need to know about the hit game. 0 Internet Services Tech Industry Post a comment Share your voicelast_img read more

Sleep well to avoid eating junk food due to job stress

first_imgStress at your job can lead to overeating and intake of junk food at dinnertime, but there could be a buffer to this harmful pattern. New research suggests that a good night’s sleep can serve as a protecting factor between job stress and unhealthy eating in the evening.”We found that employees who have a stressful workday tend to bring their negative feelings from the workplace to the dinner table, as manifested in eating more than usual and opting for more junk food instead of healthy food,” said study co-author Chu-Hsiang Chang, Associate Professor of Psychology at Michigan State University in the US. Also Read – Add new books to your shelfThe research, published online in the Journal of Applied Psychology, involved two studies of 235 workers in China. One study dealt with information technology employees who regularly experienced high workload and felt there was never enough time in the workday. The second study involved call-centre workers who often got stressed from having to deal with rude and demanding customers.In both cases, workday stress was linked to employees’ negative mood while on the job, which in turn was linked to unhealthy eating in the evening, study co-author Yihao Liu, Assistant Professor at the University of Illinois, said. Also Read – Over 2 hours screen time daily will make your kids impulsiveThe study proposed two potential explanations, Liu said.”First, eating is sometimes used as an activity to relieve and regulate one’s negative mood, because individuals instinctively avoid aversive feelings and approach desire feelings,” he said. “Second, unhealthy eating can also be a consequence of diminished self-control. When feeling stressed out by work, individuals usually experience inadequacy in exerting effective control over their cognitions and behaviours to be aligned with personal goals and social norms,” Liu added.The finding that sleep protects against unhealthy eating following workday stress shows how the health behaviours are related, Chang pointed out.”A good night’s sleep can make workers replenished and feel vigorous again, which may make them better able to deal with stress at work the next day and less vulnerable to unhealthy eating,” she said.last_img read more