Snap (SNAP) reached $7.78 at the closing of the latest trading day, reflecting a -7.16% change compared to its last close.
The European Commission is scrutinising safeguards for minors on Snapchat, YouTube, the Apple App Store and Google Play under its Digital Services Act, it said on Friday.
Snap Inc. SNAP shares are trading higher on Monday. The stock is refilling a gap, and this means the move higher may continue.
Shares of Snapchat parent Snap Inc (NYSE:SNAP) are surging today, up 7.4% at $8.76 at last glance, after the company revealed Snap OS 2.0 and confirmed its plan to release Spectacles (its compact AR glasses) in 2026.
Snapchat's parent company, Snap (NYSE: SNAP), experienced a 6% increase in its stock over the span of a week. This surge followed the announcement of their new fifth-generation Spectacles and the introduction of Snap OS 2.0, which features a significant redesign of the Spectacles Browser to enhance speed, power, and user-friendliness, as stated in the company's press release.
Snapchat is looking to Spotlight, its short-form video feed, to spark conversations in the app. Snap CEO Evan Spiegel wrote to employees that the company needs to "embrace" the transition.
SNAP stock plunged after weak 2Q FY2025 earnings and disappointing 3Q outlook, largely driven by pricing challenges on its ads platform. AI and ML investments, along with Spotlight and Snapchat+, are driving early engagement gains but need more time to drive higher revenue growth. AR remains a key long-term growth driver, with over 350 million users engaging daily, supported by a fully integrated AR computing stack that differentiates itself from peers.
Snap appears undervalued given its improving fundamentals, despite underperforming during a broader market rally and recent negative sentiment. Key metrics show strong engagement and user growth, with revenue and adjusted EBITDA both rising significantly year-over-year. Snap's new subscription business, with 15 million paying users and rapid growth, is making its revenue streams more resilient and diversified.
Explore how Snap's (SNAP) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.
Snap missed bottom and top line estimates for Q2 on Wednesday, but only marginally. The 17% drop in share price seems exaggerated. The social media company continued to grow its revenues and daily active users at 9% Y/Y. ARPU in Snap's core market is still growing and indicates healthy user monetization. However, Snap's losses increased Y/Y, leading to the creation of a new negative sentiment overhang.
Snap misses Q2 earnings estimates as AI ad gains and strong user growth are offset by higher R&D spend.
Snap says changing consumer behavior and tariff-related pressures are hindering advertising demand. The social media company released earnings Tuesday (Aug. 5) revenues of $1.34 billion, up 9% year over year, while advertising growth slowed to just 4%.