“Snap shares soar 23% as company beats on earnings, shows strong revenue growth”
May 2, 2024
“Snap reported first-quarter results on Thursday that beat analysts’ estimates and showed a return to double-digit revenue growth. Shares soared more than 23% in extended trading.
Here’s how the company did:
- 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
- Global daily active users: 422 million vs. 420 million expected, according to StreetAccount
- Average revenue per user: $2.83 vs. $2.67 expected, according to StreetAccount
Revenue for Snap’s first quarter increased 21% from $989 million in the same period last year. The company is growing at an accelerated clip, after it had previously reported six straight quarters of single-digit growth or sales declines…”
https://www.cnbc.com/2024/04/25/snap-snap-q1-2024-earnings-.html