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Snap (NYSE: SNAP) recently released its Q4 results, with revenue and earnings exceeding the street estimates. It reported revenue of $1.56 billion and adjusted earnings of $0.16 per share, compared to the consensus estimates of $1.55 billion and $0.14, respectively.
Snap CEO Evan Spiegel said the "environment of uncertainty" around TikTok is good for its business. Snap saw a boost in engagement when TikTok "went dark" last month, Spiegel told investors.
Snap Inc. SNAP shares are trading lower following fourth-quarter financial results reported on Tuesday and several analysts revised the price forecast.
Snap Inc. reported better-than-expected Q4 earnings, driven by strong daily active user growth and monetization trends. The firm's Snapchat+ subscription model and improving profitability profile present significant upside potential, supporting a strong buy rating. Snapchat+ subscribers doubled in FY 2024 and ARPU is growing, offering the company a lever for consistent organic revenue growth. Long-term digital ad spending trends are favorable as well.
Snap Inc (NYSE: SNAP) came in ahead of Street estimates in its fiscal fourth quarter – but the company's quarterly earnings were not enough for a Wells Fargo analyst to remain bullish on it.
Snap's fourth-quarter 2024 results reflect advertising strength and steady user growth, driven by continued demand for Spotlight and AR Lens.
I remain neutral on Snap Inc. despite its potential to regain traction, as its valuation at 51x forward free cash flow is unappealing. Snap's near-term prospects include innovative developments in augmented reality and personalization, but its young user base and tier-2 status compared to Instagram are concerns. Revenue growth rates are expected to stabilize, with Q1 2025 guidance at 17% y/y, potentially paving the way for 20% topline growth in 2025.
Snap Inc. SNAP reported better-than-expected fourth-quarter financial results after Tuesday's closing bell.
SANTA MONICA, Calif.--(BUSINESS WIRE)--Snap Inc. (NYSE: SNAP) has filed its Annual Report on Form 10-K for the year ended December 31, 2024, with the Securities and Exchange Commission. The report, which includes Snap Inc.'s audited financial statements, is accessible at investor.snap.com. A printed copy of the report may be requested free of charge by any stockholder by requesting a copy in writing to: Corporate Secretary, Snap Inc., 3000 31st Street, Santa Monica, California, 90405 USA. The r.
Snap Inc. (NYSE:SNAP ) Q4 2024 Earnings Conference Call February 4, 2025 5:00 PM ET Company Participants David Ometer - Head of IR Evan Spiegel - CEO and Co-Founder Derek Andersen - CFO Conference Call Participants Doug Anmuth - JPMorgan Rich Greenfield - LightShed Partners Luiza Nobre - Bernstein Dan Salmon - New Street Research James Heaney - Jefferies Shweta Khajuria - Wolfe Research Ken Gawrelski - Wells Fargo Deepak Mathivanan - Cantor Fitzgerald Operator Good afternoon, everyone, and welcome to Snap Inc.'s Fourth Quarter 2024 Earnings Conference Call. At this time, participants are in a listen-only mode.