$385.9 million in the year-earlier period. Revenue for the quarter was $320 million, up 39% year over year, while it narrowed its net loss to $310.4 million in Q1 2019 (an adjusted loss of 10 cents per share) vs.
In North America, the messaging and media service's DAUs were 80 million (up from 79 million in Q4 and down from 81 million in the year-earlier quarter). Snapchat's daily active users were 190 million in Q1 2019 — up 4 million, or 2%, from 186 million in the prior quarter, but down from 191 million in Q1 2018.
Snap topped Wall Street estimates on the top and bottom lines in the first quarter of 2019 — and the still-unprofitable company managed to show an uptick in Snapchat users for the first time in a year.
Snapchat had ended 2018 with 186 million daily active users, flat sequentially and down 1 million versus the end of 2017.
Compared to the prior version, he said, the Android rebuild is 25% smaller, opens 20% faster on average, and is modularized to allow for "efficient ongoing innovation." In addition, Snap recently widely launched the revamped Android application for Snapchat "with promising early results," according to Spiegel. On some of the "lowest performing" Android devices, the new app produced a 6% increase in the number of people sending snaps within the first week of upgrading.
In addition, Snapchat content partners in March increased their total mobile monthly audience in the U.S. Nearly half of its daily Discover viewers watched Discover seven days per week in the quarter, the company said. by an average of more than 30% just by publishing to Discover, according to the company (citing comScore research). Snap said that in Q1 2019, the Snapchat Discover section now includes more than 450 content channels.
In discussing the new Snapchat Landmarkers augmented-reality feature — which lets users interact with real-world landmarks — Spiegel called out the company's deal with HBO, which bought a sponsored AR lens to promote "Game of Thrones" in which a zombie dragon lands on New York City's Flatiron Building.
Snap, of course, calls itself "a camera company," not a social networking or messaging service. "We believe that reinventing the camera represents our greatest opportunity to improve the way people live and communicate," the 7-year-old company's mission statement reads.” />
For the second quarter of 2019, Snap said it expects revenue to be $335 million-$360 million (up 28%-37% year-over-year) with loss before interest, taxes, depreciation and amortization of $150 million-$125 million (versus EBITDA of -$169 million in Q2 2018).
Analyst consensus estimates for Snap's Q1 were for revenue of $306.5 million and an adjusted net loss of 12 cents per share. Snap shares rose as much as 8% in after-hours trading Tuesday on the results but later fell to around +1%.
"This month we announced several new products that we believe will drive further engagement and monetization. As we look towards the future, we see many opportunities to increase our investments, and will continue to manage our business for long-term growth.” “In the first quarter we delivered strong results across our business with growth in daily active users and revenue,” Snap CEO Evan Spiegel said in a statement.
According to Spiegel, as of March, Snapchat ads can now reach 75% of U.S. consumers 13-34 — more than Instagram.
Average revenue per user was $1.68, up 39% year-over-year and down 19% sequentially (reflecting seasonality in the business). Total ad impressions were up 155% year-over-year and 6% sequentially, while pricing was down 42% year-over-year and down 22% driven primarily by an increase in supply.
Three weeks ago, at its first partner summit in L.A., Snap announced several initiatives designed to spur growth and broaden its reach. Those include a new games platform; the ability to let third-party apps give their users the ability to create Stories from Snapchat; an ad network to bring Snapchat ads to third-party apps; and a new slate of original shows from BuzzFeed, New Form and others.

"Audio is hot, and we are the No. based on consumer reach," iHeartMedia touted in the filing. 1 audio media company in the U.S.
In an S-1 filing with the SEC Wednesday, iHeartMedia said, "We intend to use the net proceeds from this offering to repay indebtedness." The company set a placeholder amount of $100 million as the amount to be raised (used to calculate the registration fee), which is not indicative of the size of the offering.
As it nears the exit of a year-long bankruptcy reorganization, iHeartMedia filed paperwork laying the groundwork for an initial public offering — to raise money to pay off its debts.
Among the risk factors cited in its IPO prospectus, iHeartMedia said there could be "substantial market overhang from securities issued in the Reorganization and freely tradeable as of the date of this offering." The company's stock remains available to trade on an over-the-counter basis.
The company owns 848 radio stations in 160 markets and the iHeartRadio music and podcast streaming service, which has 128 million registered users. It also produces over 20,000 local live events per year and eight major national tentpole events, including the iHeartRadio Music Festival and iHeartRadio Music Awards, and claims to be the largest commercial podcast publisher.
Formerly known as Clear Channel, iHeartMedia filed for Chapter 11 bankruptcy in March 2018 after amassing more than $20 billion in debt following a leveraged buyout a decade earlier.
The company enlisted Goldman Sachs and Morgan Stanley as underwriters for its potential IPO.” />
Its $976 million of adjusted EBITDA (earnings before interest, taxes, depreciation and amortizaiton), represents a 27% margin. That, iHeartMedia claimed, is the highest adjusted EBITDA margin of any major advertising-supported audio media company, iHeartMedia claimed. For full-year 2018, iHeartMedia generated $3.6 billion in revenue — essentially flat from the year prior — and a net loss of $38 million on a pro-forma basis (backing out Clear Channel Outdoor).
The radio broadcasting giant and podcast leader may decide to pursue an IPO, or execute a direct listing (as Spotify did in its unconventional IPO last year).
This January, a U.S. Also in January, the company said chairman and CEO Bob Pittman and Rich Bressler, president, COO and CFO, have extended their contracts by four years. court approved iHeartMedia's bankruptcy plan, which will cut its debt from $16.1 billion to $5.75 billion. The plan calls for iHeartMedia and billboard operator Clear Channel Outdoor to be separated, creating two independent public companies. The execs will remain in their respective roles following the completion of restructuring process.

The studio teamed with Warner Bros. MGM's last release, "Operation Finale," launched to $17 million domestically in August. 21. on "Creed 2," which opens on Nov.
MGM did not identify which title was the source of the charges. It also said this was partially offset by $32 million of higher adjusted EBITDA from "robust" licensing activity for "Vikings," as well as deliveries of new episodes of "Vikings" (Season 6) and "The Handmaid's Tale" (Season 2). The third quarter included "unanticipated film impairment charges" totaling $19.7 million.
Cary Joji Fukunaga will direct the 25th James Bond installment, replacing Danny Boyle, who exited the pic over creative differences with producers Barbara Broccoli and Michael G. MGM is handling domestic distribution on the new James Bond movie. Fukunaga will be the Bond franchise's first American director.” /> Wilson, and returning star Daniel Craig.
In a filling Thursday on its investor relations website, privately held MGM also disclosed that its earnings slid to $25.3 million from $114.2 million in the year-ago quarter and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) declined to $34.5 million from $90.8 million, which the company said was due to higher expenses-related investment spending on growth initiatives, including increased programming costs for its Epix channel, higher marketing expenses for Epix, expanded theatrical distribution, and higher overhead due to the acquisitions of Epix, Evolution, and Big Fish.
TV licensing revenue for film content was $110.2 million for the three-month period, rising $23.3 million from last year. Home entertainment revenue was $21.8 million, an increase of $4.9 million during the same three-month period a year ago. MGM's most recent third quarter worldwide theatrical revenue for film content was $5.3 million, up $2.4 million from last year.
MGM Holdings has reported a strong 42% third-quarter revenue hike to $380.2 million, thanks to higher television revenues.
"We also continued to deliver a high volume of unscripted shows, including our new show for CBS, 'TKO: Total Knock Out,' plus new episodes of 'Live PD' from our strategic acquisition of Big Fish in June 2018, 'The Real Housewives of Orange County' (Season 13), 'Survivor' (Season 37), 'Botched' (Season 5), 'The Voice' (Season 15), and many other shows," MGM said.

Imax's stock was up 2.22% at $23.05 in after-hours trading.” />
That wasn't the only piece of good news. Net income came in at $7.6 million compared to a loss of $1.7 million. In the prior-year quarter, Imax logged a loss of 3 cents a share and revenues of $87.8 million. Imax's adjusted EBITDA of $39.5 million represented a 35% increase from the second quarter in 2017. Both figures improved upon the year-ago results.
Imax reported income of $98.3 million, falling short of the $98.9 million that analysts were projecting. "Jurassic World: Fallen Kingdom," "Avengers: Infinity War," and other summer blockbusters goosed profits at Imax. However, revenues missed the mark. The exhibition company reported earnings of 30 cents per share for the three-month period ending June 30, handily beating Wall Street's expectations.
Imax also signaled it is ready to profit from Saudi Arabia's decision to end a three-decade-long ban on movie theaters. In May, Imax installed its first commercial theater in the Kingdom in conjunction with Vox Cinemas.
Revenues for that business segment were $30.9 million, compared with $32.7 million in the same quarter in 2017. Imax's cut of the box office from the films it re-formatted to fit its screens was $36.2 million, up from $27.8 million in the prior-year period. There have been plenty of those films this summer, a deluge of sequels and spinoffs that's resulted in a record second quarter box office. That aided Imax, which said its healthier results were attributable to robust ticket sales. That off-set a slight decline in theater installations.
Imax, with its vast screens and wider projection, has become a favored platform for fanboys and fangirls looking to experience comic book movies and special effects-fueled popcorn fare in a more immersive setting. That's helped it benefit from the movie business' greater emphasis on superhero flicks and action franchises.