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Snap reported better-than-expected results for the fourth quarter, with revenue increasing 14% from a year earlier. The stock popped in extended trading.
Snap reported better-than-expected results for the fourth quarter, with revenue increasing 14% from a year earlier. The stock popped in extended trading.
SANTA MONICA, Calif.--(BUSINESS WIRE)--Snap Inc. (NYSE: SNAP) today announced financial results for the quarter and full year ended December 31, 2024. “In 2024 we made significant progress on our core priorities of growing our community and improving depth of engagement, driving top line revenue growth and diversifying our revenue sources, while building toward our long-term vision for augmented reality,” said Evan Spiegel, CEO. “Active advertisers more than doubled in Q4, with the improvements.
Besides Wall Street's top -and-bottom-line estimates for Snap (SNAP), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
The latest trading day saw Snap (SNAP) settling at $11.29, representing a -0.53% change from its previous close.
SNAP's Q4 results are likely to benefit from the growing adoption of the Snapchat platform, driven by new feature additions and AI integration efforts.
Snap (SNAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Meta is offering deals to creators to promote Instagram on other short-form video apps, including TikTok, Snapchat and YouTube, CNBC has learned. The contract also requires three months of posting exclusivity on Instagram's Reels short-form video product before the creator can post content elsewhere.
Snap (SNAP 2.93%) stock investors will be looking for the company to report better growth in North America.
Snapchat shares have declined 13% since December, but I remain optimistic due to the potential TikTok ban and strong upcoming Q4 earnings. Snapchat+ subscriber base doubled year-over-year, providing a significant revenue boost, despite market trailing performance. TikTok ban remains a potential catalyst; Snapchat's growth metrics and valuation indicate a 30% upside potential.