Snap Inc. (SNAP)
Snap to rally over 10% after net losses slashed in half
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 surges 10% as it gets a major boost from AI and paid subscribers
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.
Compared to Estimates, Snap (SNAP) Q3 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Snap (SNAP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Snap Inc. (SNAP) Q3 2024 Earnings Call Transcript
Snap Inc. (NYSE:SNAP ) Q3 2024 Earnings Conference Call October 29, 2024 5:00 PM ET Company Participants David Ometer - Head, Investor Relations Evan Spiegel - Chief Executive Officer & Co-Founder Derek Andersen - Chief Financial Officer Conference Call Participants Dan Salmon - New Street Research Rich Greenfield - LightShed Partners Justin Post - Bank of America Ken Gawrelski - Wells Fargo James Heaney - Jefferies Shweta Khajuria - Wolfe Research Ross Sandler - Barclays Operator Good afternoon, everyone, and welcome to Snap Inc.'s Third Quarter 2024 Earnings Conference Call. At this time, participants are in a listen-only mode.
Snap Seeks Deeper Customer Engagement via Simplified Version of Snapchat
In a digital world where simplicity is king, Snap, the parent company of Snapchat, introduced a simplified version of Snapchat, organized into three main experiences: communicating with friends, using the camera, and viewing content. The redesign aims to elevate user engagement and discovery for creators.
Snap (SNAP) Tops Q3 Earnings and Revenue Estimates
Snap (SNAP) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.02 per share a year ago.
Snap Stock Pushes Higher On Earnings, Sales Beat
Snap stock gained after its Q3 results beat expectations but the Snapchat parent's Q4 forecast missed analyst projections.
Snap shares rise after results come in better than expected
Shares of Snap Inc. rose after hours on Tuesday after the social-media platform reported third-quarter results that beat expectations and said its board authorized a stock buyback of up to $500 million.
Snap shares jump 10% on better-than-expected third-quarter results, stock buyback
Snap reported third-quarter results on Tuesday that beat on the top and bottom lines, but the company issued light fourth-quarter guidance. Snap also announced a $500 million stock repurchase program.
Snap beats revenue and user growth estimates but forecasts Q4 revenue hurdles
Snap beat Wall Street expectations for both quarterly revenue and user growth on Tuesday, as the parent company of messaging app Snapchat has been able to lure back some advertisers with better-performing ad features.
Snap stock forecast: brace for big moves ahead of earnings
The Snap Inc. stock price has moved sideways in the past two years as investors focus on its deteriorating business and rising competition from the likes of Instagram and TikTok. It has moved to $10.7, down by over 87% from its highest level in 2021.
Countdown to Snap (SNAP) Q3 Earnings: Wall Street Forecasts for Key Metrics
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 September 2024.
