Headwinds are turning into tailwinds for this social media mainstay.Snap Inc. (SNAP 3.87%) is the parent company of social media platform Snapchat, and its stock is trading 82% below its all-time high, which was set in 2021. A couple of things happened. Valuations in the technology sector cooled off when the Nasdaq-100 plunged 33% in 2022, and soaring interest rates triggered a slowdown in the advertising industry.However, Snap stock soared almost 28% last Friday following the release of an overwhelmingly p ...

champpixs One of the lesser-watched social media companies can be found in SNAP Inc. (NYSE:SNAP) but recent earnings surprises could put this stock back on the radar for technology investors in coming sessions. Most of the recent optimism has been fueled by better-than-expected earnings figures for the first-quarter period, and the initial market reaction to this information has helped to propel share prices higher by nearly 30% (marking the best single-session gains since 2022). For the period, Snap report ...

Have you assessed how the international operations of Snap (SNAP) performed in the quarter ended March 2024? For this company behind Snapchat, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. For investors ...

Key PointsSocial media operator Snap recorded a surprise profit of 3 cents in Q1 2024, crushing consensus estimates for a loss of 3 cents by 29 cents.Daily active users (DAUs) rose 10% YoY to 422 million, and Snapchat+ premium membership tripled to more than 9 million subscribers.Snap raised its Q2 2024 revenue guidance to $1.225 billion to $1.255 billion, above $1.22 consensus estimates, and DAU is expected to reach 431 million.5 stocks we like better than SnapSnap Inc. NYSE: SNAP investors are rejoicing a ...

A view of the atmosphere during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California.Snap shares surged 28% on Friday after the company surprised Wall Street by showing a profit and reported sales and user numbers that exceeded analysts' estimates.The stock climbed $3.15 to close at $14.55, its biggest percentage gain since 2022. Even after the rally, the stock is down 14% for the year due to a 31% plunge in February. Revenue in the first quarter increased 21% to $1.19 ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

The company benefited from increased user adoption and higher ad rates.For well over a year, investors could count on shares of Snap (SNAP 27.76%) dropping after the company reported earnings. But it snapped that streak today after it reported financial results for the first quarter of 2024, and as of 12:30 p.m. ET on Friday, the stock was up a stunning 29%.Snap finally benefiting from an ad-market recoveryGoing into the quarter, Snap had guided for daily active users (DAUs) of 420 million and revenue of $1 ...

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. At last glance, SNAP is up 24.5% to trade at $14.20. Snap stock is on track for its best single-session gain since February 2022, and has now cleared recent congestion below $12.50. Still, the shares are down 15.1% in 2024, sti ...

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. But revenue was up 21% and there was free cash flow of $38 million.Snap has a TikTok competitor called Spotlight. The company said in its earnings release that Spotlight traffic has jumped 125% in the last year.SNAP stock was due to open this morning ...

Key TakeawaysSnap shares soared more the 25% in premarket trading Friday after the Snapchat parent posted quarterly results above analysts' estimates and issued a better-than-expected current-quarter outlook.The company expects its daily active user count to grow to 431 million by the end of the current quarter, above the 430 consensus view.Recent enhancements to the company's platform helped it attract small to medium-sized advertisers in the quarter.Snap shares may run into overhead resistance around $15. ...