Snap Inc. reported better-than-expected Q4 earnings, driven by strong daily active user growth and monetization trends. The firm's Snapchat+ subscription model and improving profitability profile present significant upside potential, supporting a strong buy rating. Snapchat+ subscribers doubled in FY 2024 and ARPU is growing, offering the company a lever for consistent organic revenue growth. Long-term digital ad spending trends are favorable as well.
Snap Inc (NYSE: SNAP) came in ahead of Street estimates in its fiscal fourth quarter – but the company's quarterly earnings were not enough for a Wells Fargo analyst to remain bullish on it.
Snap's fourth-quarter 2024 results reflect advertising strength and steady user growth, driven by continued demand for Spotlight and AR Lens.
I remain neutral on Snap Inc. despite its potential to regain traction, as its valuation at 51x forward free cash flow is unappealing. Snap's near-term prospects include innovative developments in augmented reality and personalization, but its young user base and tier-2 status compared to Instagram are concerns. Revenue growth rates are expected to stabilize, with Q1 2025 guidance at 17% y/y, potentially paving the way for 20% topline growth in 2025.
Snap Inc. SNAP reported better-than-expected fourth-quarter financial results after Tuesday's closing bell.
Snap Inc. (NYSE:SNAP ) Q4 2024 Earnings Conference Call February 4, 2025 5:00 PM ET Company Participants David Ometer - Head of IR Evan Spiegel - CEO and Co-Founder Derek Andersen - CFO Conference Call Participants Doug Anmuth - JPMorgan Rich Greenfield - LightShed Partners Luiza Nobre - Bernstein Dan Salmon - New Street Research James Heaney - Jefferies Shweta Khajuria - Wolfe Research Ken Gawrelski - Wells Fargo Deepak Mathivanan - Cantor Fitzgerald Operator Good afternoon, everyone, and welcome to Snap Inc.'s Fourth Quarter 2024 Earnings Conference Call. At this time, participants are in a listen-only mode.
While the top- and bottom-line numbers for Snap (SNAP) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
During Snap's fourth-quarter earnings call on Tuesday, CEO Evan Spiegel said that the uncertainty surrounding TikTok's future has positively affected its business.
Snap (SNAP) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.08 per share a year ago.
Snap (SNAP 3.85%), the multimedia messaging platform company behind Snapchat, reported its earnings for the fourth quarter of 2024 on February 4, 2025.
Rohit Kulkarni, Roth MKM managing director, joins 'Closing Bell Overtime'to talk tech earnings.
CNBC's Julia Boorstin joins 'Closing Bell Overtime' to talk Snap Q4 results.