Snapchat parent Snap beat quarterly estimates as daily active users hit 453 million, up by 39 million. Revenue was on the high side of expectations, up 14% to $1.55 billion, as Snap swung to profit of $9 million from a $248 million loss in the prior year quarter.
Shares of Snap Inc. rose in the extended session Tuesday after the Snapchat parent swung to a quarterly profit and grew the ranks of its most loyal users.
Snap reported better-than-expected results for the fourth quarter, with revenue increasing 14% from a year earlier. The stock popped in extended trading.
Snap reported better-than-expected results for the fourth quarter, with revenue increasing 14% from a year earlier. The stock popped in extended trading.
Besides Wall Street's top -and-bottom-line estimates for Snap (SNAP), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
The latest trading day saw Snap (SNAP) settling at $11.29, representing a -0.53% change from its previous close.
SNAP's Q4 results are likely to benefit from the growing adoption of the Snapchat platform, driven by new feature additions and AI integration efforts.
Snap (SNAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Snap (SNAP 2.93%) stock investors will be looking for the company to report better growth in North America.
Snapchat shares have declined 13% since December, but I remain optimistic due to the potential TikTok ban and strong upcoming Q4 earnings. Snapchat+ subscriber base doubled year-over-year, providing a significant revenue boost, despite market trailing performance. TikTok ban remains a potential catalyst; Snapchat's growth metrics and valuation indicate a 30% upside potential.
In the latest trading session, Snap (SNAP) closed at $10.46, marking a -0.95% move from the previous day.
When social media personality Alex Choi saw the raging wildfire in the Los Angeles neighborhood of Pacific Palisades, he grabbed his camera and dirt bike and went to document the devastation.