Snapchat parent soars after beating revenue, user growth estimates
(Reuters) -Shares in Snap jumped nearly 25% in premarket trading on Friday after targeted ads and new features helped the owner of the photo messaging app beat Wall Street expectations for first-quarter revenue and user growth.
Snapchat parent company sees shares surge as improved ad system pays off
Snap’s share surged 21% in after-hours trading as app’s users increased by 422 million, bringing in $1.2bn in revenue
Snapchat (SNAP) Q1 2024 earnings results beat EPS and revenue expectations
Snapchat posted its Q1 2024 earnings results to its investor relations website. The company reported $1.2 billion in revenue against an expectation of $1.1 billion. In terms of earnings per share (EPS), Snapchat posted a surprise $0.03 profit against expectations of a $0.05 loss, and an EPS whisper number of $0.01 loss.
Snap Signals Ad Revamp Is Finding an Audience; Shares Surge
Snap Inc. offered positive signs that its efforts to revamp its digital advertising business are gaining popularity with marketers — boosting revenue and providing stronger competition with powerhouses Google and Meta Platforms Inc.
Snap’s 2024 plans are showing signs of paying off, and shares soar 25%
Shares of Snap Inc. rocketed higher after hours on Thursday after the social-media platform forecast second-quarter sales that were better than expected, as it attracts more users and tries to strengthen its advertising business.
Snap’s revenue and earnings beat forecasts, shares surge over 20%
Shares in Snap Inc. soared by more than 20% in late trading today after the company reported revenue and earnings beats in its first quarter and projected a higher-than-expected outlook for its second quarter.
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Get the latest on Snapchat's Q1 financials: revenues up by 21%, daily active users up by 10%, and a spike in engagement on the 'Spotlight' feed.
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Former New Baden teacher sentenced for soliciting child sex abuse material over Snapchat
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