Snapchat had 186 million daily users in Q3, down two million from the previous quarter

This afternoon, messaging app Snapchat reported that it had lost more active users during the three months ended in September than expected by analysts. During the third quarter, the number of daily active users of the app declined to 186 million from 188 million during the second quarter. Despite the decline, the DAU figure was still up from the 178 million recorded during the third quarter of 2017. However, more important to investors was the fact that the 186 million DAUs for Q3 failed to top Wall Street estimates of 187.56 million for the period.

Snap Chief Financial ...