SNAP Stock Recent News

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.

Tech stocks launched a solid rebound early Friday as Alphabet and Microsoft earnings brought renewed optimism to the sector.

In a refreshing twist, Snapchat (NYSE: SNAP) saw a major boost in its stock after releasing its Q1 earnings, surpassing expectations by a large margin. In after-hours trading, the stock soared by as much as 30%.

Snap Inc (NYSE:SNAP), the company which owns Snapchat, surged close to 25% in pre-market trading after the group saw both its revenues and profits beat guidance in the first quarter. Revenues at the social media company lifted by 21% to US$1.19 billion during the three months, improving on Wall Street guidance of US$1.12 billion.

Shares in Snap soared nearly 30% in thin volume in Frankfurt on Friday after the owner of the photo messaging app beat Wall Street expectations for quarterly revenue and user growth.

Although the revenue and EPS for Snap (SNAP) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Snapchat parent company Snap believes that augmented reality (AR) will be “one of the most meaningful advancements in computing that the world has ever seen.” Evan Spiegel, CEO of Snap, said this Thursday (April 25) during the company's quarterly earnings call.