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.
The social media company is developing technology to make its platform more engaging.
Snap just delivered a strong set of quarterly financial results.
Reporting Q3 results on Wednesday, Meta Platforms (META) and Snap (SNAP) exceeded top and bottom line expectations but the social media leaders saw their stocks dip in today's trading session.
Snap Inc SNAP shares climbed on Wednesday after the company reported upbeat third-quarter results.
The company grew its revenue and reduced its losses.
Shares of Snap (SNAP) jumped Wednesday after the social media company posted better-than-anticipated results and announced a stock buyback.
SNAP's third-quarter 2024 results reflect steady user growth and an increase in Snapchat+ users, driven by continued demand for Spotlight and AR Lens.
Snap reported better than expected results for Q3 FY24, with revenue and Adjusted EBITDA growing 15% and 230% YoY, respectively, leading to a jump of over 10% in after hours trading. Although the company posted its highest overall DAU's, its North America segment remained unchanged, while Europe and Rest of World contributed a higher share of Total Revenue. Although Snap continued to innovate with the launch of Simple Snapchat to boost user engagement along with targeted AI and AR investments, its long-term business outlook remains muddied.
Snap's stock (NYSE: SNAP) surged over 10% in after market hours on Tuesday, October 29, after the company posted upbeat Q3 results. Snap reported revenue of $1.37 billion and adjusted earnings of eight cents per share - faring better than the consensus estimates of $1.36 billion and six cents, respectively.
Social media platform Snap Inc (NYSE:SNAP) shares are expected to rally more than 11% when US markets open today after third-quarter results highlighted strong active user and revenue growth. Year-on-year revenue surged 15% to $1.4 billion, with daily active users increasing 9% to 443 million.
Snap's stock rose 10% after its third-quarter revenue beat Wall Street expectations. Snap's revenue grew 15% to $1.37 billion, surpassing analyst estimates of $1.36 billion.