Investors cheered the company's fastest growth in two years.Shares of social media app Snap (SNAP 2.62%) were up 31.1% in April, according to data provided by S&P Global Market Intelligence. It was a quiet month, with shares trading flat until April 25. But then the company reported financial results, and the stock exploded higher.Snap reported financial results for the first quarter of 2024, showing 21% year-over-year top-line growth, which was its best growth in two years. Analysts widely praised the Q1 r ...

Recently, I predicted that April 25 would be a make-or-break day for Snap (NYSE:SNAP), the owner of the photo-messaging app Snapchat. It was a “make” day and not a “break” day. All signs point to rapid growth for Snap, and the only people who should be worried now are the Snap stock short-sellers.The sentiment on Snap was bearish in February. The company announced layoff plans for 10% of its global workforce and expected a deep adjusted EBITDA loss in 2024’s first quarter.SNAP stock snapped like a broken tr ...

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 ...