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BRIEF-Snap Inc expects seasonality to have "stronger impact" on revenue as its business matures
February 9, 2017 / 11:43 AM / 10 months ago

BRIEF-Snap Inc expects seasonality to have "stronger impact" on revenue as its business matures

Feb 9 (Reuters) - Snap Inc :

* Says the early stage of its ad business has resulted in “high rates” of revenue growth due to a low initial base, which has masked seasonality

* Says most of its revenue growth to date driven by onboarding new advertisers, developing new ad products and delivery and measurement capabilities

* Says in March 2016, entered into AWS Enterprise agreement for use of cloud services from Amazon Web Services Inc - SEC filing

* Says 2016 Olympics provided one-time revenue opportunity in Q3 2016; says as business matures, seasonality to have stronger impact on revenue

* Says under February 2017 addendum to AWS Enterprise agreement, company committed to spend $1.0 billion between January 2017 through December 2021 on AWS services Source text - (bit.ly/2k6sWcJ) Further company coverage:

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