SNAP Stock Recent News

Explore Snap's (SNAP) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.

Snap Inc. NYSE: SNAP investors are rejoicing after the company reported a surprise profit in its Q1 2024 earnings report. The company also raised its outlook for Q2 2024 as a cherry on top.

Snap shares soared on Friday after the company provided uplifting results, suggesting its online ad business is getting back on track.

Snap Inc (NYSE:SNAP), the owner of social media app Snapchat, impressed with its first quarter earnings, sending its shares more than 26% higher. Analysts at Wedbush have maintained their ‘Perform' rating on the stock despite the surge, which they attributed to low investor expectations and initial improvements in Snap's ad platform.

Snap grew faster than expected in the most recent quarter thanks to a couple of factors. The company's outlook implies an ongoing high price to stimulate long-term growth, which is something to be aware of.

In the wake of a possible TikTok ban, SNAP earnings show renewed daily active user growth and signs that the social media company's 2024 turnaround plan is working. #investing #snap #snapchat #tiktok #socialmedia #stockmarket #stocks ======== Schwab Network ======== Empowering every investor and trader, every market day.

While Big Tech earnings are the talk of the town today, social media company Snap Inc (NYSE:SNAP) stole the show, posting first-quarter earnings and revenue that topped analysts' expectations, with the latter rising to $1.19 billion thanks to the firm's improved advertising platform.

Snap (NASDAQ: SNAP ) stock rose sharply overnight on solid earnings, positive guidance, and hope that banning TikTok will win market share in the social media space. Snap lost $305 million, 19 cents per share, on revenue of $1.19 billion during the March quarter.

Snap (SNAP) shares jumped 25% ahead of Friday's opening bell after the Snapchat owner released quarterly financial results above analysts' estimates and guided better-than-expected current-quarter earnings and revenue amid robust advertising sales and user growth.

Snap Inc. (NYSE: SNAP) made a splash with its Q1 2024 earnings report released on April 25th, showcasing impressive financial results that exceeded market expectations. The tech giant reported a significant revenue increase of 21% year-over-year, reaching $1.19 billion, outpacing analyst estimates.