Snap's subscription business keeps growing even as its core numbers disappoint. Snapchat now has more than 30 million paid subscribers, up 5 million since February, TechCrunch reports. Its tiers are Snapchat+ at $3.99 a month, Lens+ at $8.99 and Platinum at $15.99.
The third-quarter report was weaker overall. Revenue was $1.72 billion against the $1.73 billion analysts expected, and daily active users were 495 million versus 499 million expected, CNBC reports. Adjusted earnings of 19 cents per share beat the 16-cent estimate, and Snap posted net income of $56 million. Shares fell more than 10% after hours.
Snap guided fourth-quarter revenue to $1.95 billion to $1.99 billion, according to CNBC.
