Snap (SNAP) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this company behind Snapchat would post earnings of $0.05 per share when it actually produced earnings of $0.08, delivering a surprise of 60%.Over the last four quarters, the compan ...

Core Insights - Snap reported better-than-expected earnings for Q4 2024, with significant revenue and user growth, but continues to face competitive challenges [1][9] Financial Performance - Revenue increased by 14% year-over-year to $1.557 billion, surpassing the projected $1.547 billion [2][6] - Non-GAAP EPS improved to $0.16, compared to an expected loss of $0.04 per share, marking a 100% increase from $0.08 in Q4 2023 [3][6] - Adjusted EBITDA reached $276 million, up 73.6% from $159 million in the previous year [3][6] - Free cash flow was reported at $182 million, a 64.2% increase from $111 million year-over-year [3][6] - Daily Active Users (DAUs) grew to 453 million, reflecting a 9.4% increase from 414 million in Q4 2023 [3][6] Business Overview - Snap Inc. operates Snapchat, which is known for its ephemeral messaging and augmented reality (AR) capabilities, enhancing user engagement [4] - The platform's design encourages interaction through its camera, which opens directly upon launch, differentiating it from traditional messaging services [4] Strategic Focus - Snap is diversifying its revenue streams beyond traditional advertising, with innovations in AR and new ad products like Dynamic Ads [5] - The company reported a 131% year-over-year growth in Snapchat+ subscription revenue, achieving an annual run rate exceeding $500 million [8] - Engagement with AR lenses was significant, with over 400 million users engaging more than 4 billion times [7] Future Outlook - Management anticipates continued growth in user engagement and revenue, with a focus on further AR development and expanding digital ad products [11] - Although no explicit guidance for Q1 2025 was provided, the company aims to discuss strategies in its upcoming earnings call [9][11] - Continuous innovation and adaptation are essential for Snap to navigate intense competition from other tech giants [9][12]

Financial Performance - Snap reported a quarterly revenue of $1.55 billion, representing a 14% year-over-year increase, and swung to a profit of $9 million from a loss of $248 million in the same quarter last year [1] - Daily active users reached 453 million, an increase of 39 million [1] Advertising and User Engagement - Direct response ad revenue grew by 14% year-over-year in Q4, becoming the largest driver of ad revenue growth for 2024 [2] - Active advertisers more than doubled in Q4, indicating improved advertiser performance and revenue growth [3] Product Development and AI Integration - Snap introduced an AI text-to-image research model for mobile devices, capable of producing high-resolution images in approximately 1.4 seconds on an iPhone 16 Pro Max [4] - The AI model operates entirely on the device, reducing computational costs and enhancing efficiency [4] - The company plans to integrate this AI model into various app features, including AI Snaps and AI Bitmoji Backgrounds [4][5] Sports Engagement and Promotions - A new study highlighted that Snapchat users are highly engaged with sports, marking it as a growth area [6] - As part of Super Bowl LIX promotions, Snap unveiled new digital overlays for NFL fans, including themed Lenses [6]

Core Viewpoint - Snap reported better-than-expected fourth-quarter results, leading to a surge in share prices during extended trading [1] Financial Performance - Revenue for the fourth quarter increased by 14% to $1.36 billion compared to the previous year [2] - Net income for the quarter was $9.1 million, or $0.01 per share, a significant recovery from a net loss of $248 million, or $0.15 per share, in the prior year [2] - First-quarter revenue is expected to be between $1.325 billion and $1.36 billion, with a midpoint of $1.34 billion, surpassing Wall Street's projection of $1.33 billion [2] Earnings Guidance - First-quarter adjusted earnings are projected to be between $40 million and $75 million, falling short of analyst expectations of $78.5 million [3] - Adjusted operating expenses for the first quarter are anticipated to grow by 11% to 12% year-over-year due to hiring, legal costs, and a seasonal shift in marketing expenses [3] Strategic Outlook - The company sees opportunities for productive investment in scaling its business, particularly in enhancing its ad platform and initiatives targeting small and medium-sized businesses [4] - Snap has committed $5 million to support communities affected by recent wildfires and plans to make further commitments over time [4] User Metrics - Daily active users for the first quarter are expected to reach 459 million, exceeding analyst expectations of 458.3 million [5] - The Snapchat+ service has grown to 14 million subscribers, up from 12 million in the previous quarter, contributing significantly to "other revenue," which grew by 131% year-over-year [6] Leadership Changes - Ajit Mohan has been appointed as chief business officer, previously serving as president of the Asia-Pacific region [7] Earnings Summary - Adjusted earnings per share were reported at $0.16, compared to the expected $0.14 [7] - Revenue was reported at $1.56 billion, slightly above the expected $1.55 billion [7] - Global daily active users reached 453 million, surpassing the expected 451.1 million [7] - Global average revenue per user was reported at $3.44, matching expectations [7]

Exhibit 99.1 "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 we have made to our advertising platform driving improved advertiser performance and helping to grow revenue 14% year-over-year." Annual Financial Sum ...

The upcoming report from Snap (SNAP) is expected to reveal quarterly earnings of $0.14 per share, indicating an increase of 75% compared to the year-ago period. Analysts forecast revenues of $1.55 billion, representing an increase of 13.8% year over year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead of a company's earnings disc ...

In the latest market close, Snap (SNAP) reached $11.29, with a -0.53% movement compared to the previous day. The stock's change was less than the S&P 500's daily loss of 0.51%. Meanwhile, the Dow lost 0.75%, and the Nasdaq, a tech-heavy index, lost 0.28%.The company behind Snapchat's shares have seen an increase of 0.98% over the last month, surpassing the Computer and Technology sector's gain of 0.79% and falling behind the S&P 500's gain of 2.87%.Market participants will be closely following the financial ...

Snap (SNAP) is scheduled to report fourth-quarter 2024 results on Feb. 4.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.For the fourth quarter, Snap expects total revenues between $1.51 billion and $1.56 billion, implying year-over-year growth of 11-15%. Adjusted EBITDA is expected to be between $210 million and $260 million.The Zacks Consensus Estimate for revenues is currently pegged at $1.55 billion, indicating a 13.8% increase from the year-ago quarter’s reported figure.The con ...

The market expects Snap (SNAP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on F ...

Snap (SNAP 2.93%) stock investors will be looking for the company to report better growth in North America.*Stock prices used were the afternoon prices of Jan. 21, 2025. The video was published on Jan. 23, 2025. ...