Overall revenue rose 72 percent to $285.7 million, beating analyst expectations of $253.2 million.
Snap Inc. has suffered a year's worth of disappointment from Wall Street, whose investors believe the Venice-based company isn't growing its number of users - and associated advertising revenue - fast enough. Still, Snap Inc shares closed up about 1.52 percent to $14.06 earlier today.
The company has also suffered from unfavorable comparisons to Facebook Inc.'s Instagram, which is rapidly expanding and aggressively copying Snapchat's most-popular features.
Fiji beats South Africa 24-17 to win New Zealand Sevens
Kenya is now placed at position seven overall after amassing 35 points in third rounds played at the World Series. The Blitzboks were in commanding form throughout the tournament, as they had been in Sydney a week earlier.
Snap lost $350 million compared to $440 million last quarter as operating expenses grew to $261 million.
Snapchat has finally made investor concerns disappear. At one point in trading, Snap's stock cracked the IPO price of $17 a share.
When Snap first went public in March, 2017, shares sold for $24.48 a share, but they've declined steadily since.
Shooting injures 6 foreigners in Italy, 1 arrested
Italian authorities have identified the suspected gunman who shot six African foreigners in the Italian city of Macerata. The teen's remains were found on Wednesday in two suitcases, two days after she walked away from a drug rehab community.
Snapchat has sought to distinguish itself from Facebook with a design that "separates social from media", according to Spiegel, who said this helps avoid "many of the problems that arise when friends are commingled with professional content creators".
Snap's upbeat earnings release was in stark contract to previous quarters, which saw the company struggling with slowing user growth and lower-than-expected revenue numbers. Squali anticipates that the company will post earnings per share of $0.16 for the year.
Snap is now locked in a fight for its life with Facebook, which copied its marquee Stories feature - and the accompanying selfie filters and masks - and inserted them into all of its major products: Facebook, Instagram, WhatsApp and Messenger.
The silver lining in a hard 12-month period for Snap is that it continues to grow both users and revenue despite Facebook's ruthless attempts to demolish it. Facebook's copies have certainly hurt the company, but they have not killed it yet.
Miguna Miguna refuses to take plea at Kajiado courts
Miguna's advocates now want the court to direct the Kajiado court to release their client and his file to the Milimani court. Kajwang in the presence of thousands of supporters and party officials who thronged the Uhuru Park in the capital Nairobi.