Snap Inc. reported a significant beat on its first-quarter earnings, surpassing Wall Street's expectations with an adjusted EPS of $0.03 compared to the expected loss of $0.05 per share. The company's revenue reached $1.195 billion, exceeding the forecast of $1.12 billion. This performance was driven by improvements in Snap's advertising platform. The company also reported a 10% year-over-year increase in daily active users, totaling 422 million, and an adjusted EBITDA of $45.7 million. Snap anticipates second-quarter revenues to be between $1.225 billion and $1.255 billion, against analysts' expectations of $1.21 billion. Following the announcement, Snap's stock price surged by approximately 25%, despite a net loss of $305 million.
Snap’s revenue and earnings beat forecasts, shares surge over 20% https://t.co/dhvAUY55RV
$SNAP | Snap Shares Soar On Better-Than-Expected Q1 Results, Daily Active User Growth, Q2 Revenue Guidance Snap reports quarterly earnings of 3 cents per share which beat the analyst consensus estimate of a loss of 5 cents per share. The company reports 422 million daily active… https://t.co/KPYdcd5S6H
A bunch of major companies just reported earnings ... here's their headline numbers - Snapchat $SNAP EPS of $0.03 beating expectations of -$0.05 Revenue of $1.2B beating expectations of $1.1B Daily Active Users of 422M beating expectations of 420M - Intel $INTC EPS of $0.18…
Snap beats first-quarter expectations, shares jump 25% https://t.co/qna6I5ewFK https://t.co/HMzKpPke6e
$SNAP surges higher in a.h. after its Q1 earnings results: Revs up 21% y/y to $1.195B DAUs up 10% y/y to 422M ARPU up 9.69% y/y to $2.83 Expect Q2 revs to be min $1.225B, up 15% y/y. The Good news is its revs growth seems to be accelerating. Earnings Slides:… https://t.co/6IeZMmp9SC https://t.co/U8GBM29MzM
$SNAP Summary earnings. Good results https://t.co/7Kc8EF1sI7
Shares of Snapchat parent Snap popped 26% in late trading after the social media network said revenue jumped more than expected last quarter to $1.95 billion, up 21% from 2023 https://t.co/N5Yetq0h94
Snap reports Q1 revenue up 21% YoY to $1.19B, vs. $1.12B est., DAUs up 10% YoY to 422M, a net loss of $305M, compared to $329M YoY; SNAP is up 20%+ after hours (@ashleycapoot / CNBC) https://t.co/iNgV7iHU2Q 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/7veACrAJDP
Snap double beat: "Q1 revenue was $1.195B, up 21% YoY, an acceleration of 16 pps over the Q4’23 growth rate & 28 pps over the Q1’23 growth rate. The acceleration in topline growth was driven primarily by advertising revenue.." $SNAP: +23% AH https://t.co/uYKxJF7Y1T
Snap surges after projecting that revenue in the current quarter will jump as much as 18% https://t.co/BYEMuBzSDE https://t.co/gGfRBF493l
$SNAP up 25% after surprise ad strength after missing for several quarters - Snap said that it earned an adjusted 3 cents per share on sales of $1.2 billion for the March-ending quarter. - On average, analysts projected the Santa Monica, Calif.-based company would post an… https://t.co/GDfoFdYl4c
Snap shares rocket more than 20% higher on brighter second-quarter forecast https://t.co/tRVsLlEBka
$SNAP beats Q1 expectations with ad platform improvements, sending its shares up 21% in after-market trading https://t.co/HOCkZmMDJD
Snap shares soar 25% as company beats on earnings, shows strong revenue growth https://t.co/ql2X2fsBB7
$SNAP | Post Market : +27% | Snap's Q1 Earning Report: $1.2B Revenue, Non-GAAP EPS at $0.03, up 21%! $RDDT $META $GOOGL $PINS 👉 Financial Performance: ➡️ Revenue: Reached $1.2 billion, marking a 21% increase, fueled by strong advertising solutions. ➡️ Operating Loss: Reduced… https://t.co/3I48vkiKw7
Snap shares soar 31% as company beats on earnings, shows strong revenue growth https://t.co/amd09u8SdB
$SNAP grows revenue 21% stock rockets 26% After hours https://t.co/q3bgLOeFFs
Snap back? $SNAP CRUSHED earnings... ▪ Adj EPS $0.03, EST -$0.05 ▪ Revenue $1.195B, EST. $1.120B Stock is up 30% AFTER-HOURS https://t.co/9rfmzLKk1G
$SNAP Earnings: - Adj EPS $0.03 (Est/Loss $0.05) - Sales $1.195B (Est. $1.120B) https://t.co/NZ42mMeaYO
Wow, even Snap $SNAP is up 25%+ on earnings! This is a stock that has fallen sharply on each of its last 7 quarterly reports. 4/26/24: +26.0% ✅ 2/7/24: -34.6%🔻 10/25/23: -5.4%🔻 7/26/23: -14.2%🔻 4/28/23: -17.1%🔻 2/1/23: -10.3%🔻 10/21/22: -28.1%🔻 7/22/22: -39.1%🔻 https://t.co/1T9P7IUC4h
$SNAP Earnings per share: 3 cents adjusted vs. a loss of 5 cents expected by LSEG Revenue: $1.19 billion vs. $1.12 billion expected by LSEG https://t.co/7b5TF5HRQp
$Snap shares soar 23% as company beats on earnings, shows strong revenue growth Revenue for Snap’s first quarter increased 21% to $1.19 billion. Snap said its revenue growth was primarily driven by improvements in the company’s advertising platform. https://t.co/hdZdL4Ex63
🚨 $SNAP Snap beats first-quarter expectations with ad platform imprSnap 📷SNAP beat Wall Street's expectations for quarterly revenue and user growth on Thursday, as improvements to its advertising system delivered results faster than anticipated. The owner of photo messaging app… https://t.co/02XlytUjNy
Snapchat $SNAP pumps 25% on earnings 👀
SNAPCHAT EARNINGS JUST OUT $SNAP *SNAP 1Q REV. $1.19B , EST. $1.12B ( BEAT ✅ ) *SNAP 1Q ADJ EPS 3.0C, EST. LOSS/SHR 4.8C ( BEAT ✅ ) *SNAP 1Q ADJ. EBITDA $45.7M, EST. LOSS $67.6M ( BEAT ✅ ) *SNAP 1Q DAILY ACTIVE USERS 422M, EST. 419.83M ( BEAT ✅ ) https://t.co/7fbKrZ95vo
$SNAP | Snap Q1 Earnings: - Adj EPS $0.03 (Est/Loss $0.05) 🟢 - Sales $1.195B (Est. $1.120B) 🟢 - Q1 DAUs Increased 10% YoY - Sees Q2 Revenues $1.225B-$1.255B (Est. $1.14B) https://t.co/J7XGh0910Z
$SNAP is up +25% after earnings 😳 https://t.co/AVKMqbHaSL
Holy shit. $SNAP actually impressed the market and it isn't crashing! They beat expectations! Snap Q1 2024 Adj EPS $0.03 Beats $(0.05) Estimate, Sales $1.195B Beat $1.120B Estimate https://t.co/NBH549n03M
*SNAP 1Q ADJ EPS 3.0C, EST. LOSS/SHR 4.8C *SNAP 1Q DAILY ACTIVE USERS 422M, EST. 419.83M SNAP SEES 2Q REV. $1.23B TO $1.26B, EST. $1.21B *SNAP 1Q ADJ. EBITDA $45.7M, EST. LOSS $67.6M $SNAP
*SNAP SEES 2Q REV. $1.23B TO $1.26B, EST. $1.21B for the first time in 3 years SNAP isnt disintegrating on earnings
Oh snap... $SNAP is up around 3.4% before earnings This morning, it was down 4% 👀 Bullish sentiment is running high right now https://t.co/ww6Muoq7z3