Shares in Snap Inc (NYSE:SNAP) dropped 30% in after-hours trading after its Q4 revenue growth of just 5% to $1.36 billion fell short of Wall Street's $1.38 billion expectation, signaling a struggle in the digital advertising market. The company's challenges have been amplified by stiff competition from giants like Meta and the impact of Apple's privacy changes. Despite narrowing its net losses to $248 million from $288 million year-over-year and making strides in machine learning for advertising, Snap faces ...

Good afternoon, everyone, and welcome to Snap Incorporated's fourth quarter 2023 earnings conference call. At this time, participants are in a listen-only mode. I would now like to turn the call over to David Omitter, Head of Investor Relations. Thank you, and good afternoon, everyone. Welcome to Snap's fourth quarter 2023 earnings conference call. With us today are Evan Spiegel, Chief Executive Officer and Co-Founder, and Derek Anderson, Chief Financial Officer. Please refer to our investor relations websi ...

Snap (SNAP) reported $1.36 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 4.7%. EPS of $0.08 for the same period compares to $0.14 a year ago.The reported revenue represents a surprise of -1.83% over the Zacks Consensus Estimate of $1.39 billion. With the consensus EPS estimate being $0.07, the EPS surprise was +14.29%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...

Snap (SNAP) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.14 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 a loss of $0.04 per share when it actually produced earnings of $0.02, delivering a surprise of 150%.Over the last four quarters, the company ...

The owner of Snapchat narrowly missed Wall Street’s expectations as it continues to grapple with a slowdown in digital advertising. Shares in the social media company tumbled by nearly a third.While Snap said it was “encouraged by the progress we are making”, it cited factors including the conflict in the Middle East, which knocked its business.Snap’s sales rose 5% to $1.36bn in the three months to 31 December, falling short of the $1.38bn expected by analysts. Net losses narrowed from $288m to $248m.Invest ...

Snap is not having a good quarter. Following this week’s news that the company was laying off 10% of its workforce, amounting to hundreds of employees, the company’s stock is now crashing after reporting a fourth-quarter earnings miss. The Snapchat maker’s stock dropped by over 30% in after-hours trading as investors reacted to Snap’s underwhelming revenue figures, tepid user growth, and weak first-quarter guidance.The company touted in its press release it had grown daily active users by 10% year-over-year ...

Shares in social media firm Snap Inc. plunged as much as 30% in after-hours trading following the company’s release of muted fourth-quarter results. The SnapChat parent’s numbers were roughly in line with Wall Street analysts’ expectations, making the stock movement all the more intriguing. Adjusted earnings of 8 cents a share nipped forecasts for 6 cents, while revenue of $1.36 billion fell just shy of the consensus of $1.38 billion. The financials, and a 10% year-over-year uptick in daily active users to ...

Snap Inc.’s stock plunged more than 30% in extended trading Tuesday after the social-media company reported a revenue miss and offered weak guidance — a day after announcing yet more deep job cuts.The results come a week after Facebook parent Meta Platforms Inc. META, -1.02% and Google parent GOOGL, +0.29% GOOG, +0.33% Alphabet Inc. racked up unusually brawny digital-ad sales.Snap logged a net loss of $248.2 million, or 15 cents a share, compared with net income of $288.5 million, or 18 cents a share, in th ...

Snap Inc (NYSE: SNAP) is crashing in extended hours on Tuesday after reporting disappointing revenue for its fiscal fourth quarter related partially to the ongoing Israel-Hamas war. Snap stock up on solid guidanceCopy link to sectionThe stock is being punished also because its management issued muted guidance for the future. Snap now expects revenue to fall between $1.095 billion and $1.135 billion in its current financial quarter. Analysts, in comparison, were at $1.117 billion. Evan Spiegel – the chief ex ...

Snap Inc. co-founder and CEO Evan Spiegel speaks during the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, June 17, 2022.Snap reported revenue that trailed analysts' estimates on Tuesday and issued a forecast that came in a bit below Wall Street expectations. The stock plunged 30% in extended trading.Here's how the company did:Earnings per share: 8 cents, adjusted, vs. 6 cents expected by analysts, according to LSEG, formerly known as ...