Snap Inc SNAP shares climbed on Wednesday after the company reported upbeat third-quarter results. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Cantor Fitzgerald On Snap Analyst Deepak Mathivanan maintained a Neutral rating while raising the price target from $8 to $9. Snap reported its adjusted EBITDA ahead of expectations, with the beat being driven by better cost management, Mathivanan said in a note. The company's fourth-quarter guidance is bett ...

The company grew its revenue and reduced its losses.Shares of Snapchat's parent company, Snap (SNAP 16.02%), soared on Wednesday after the company reported financial results for the third quarter of 2024. User growth and revenue trends are strong and encouraging. And that's why Snap stock was up 14% as of 1:15 p.m. ET.Good growth and improved cash flow excite investorsSnap ended Q3 with an astounding 443 million daily active users, which was a 9% jump from the same quarter of 2023. On top of this user growt ...

Key Takeaways Snap beats profit and sales estimates as users embrace its artificial intelligence and augmented reality technology. Average daily active users, average revenue per user, and ad revenue all exceeded forecasts. Snap announced a $500 million share buyback. Shares of Snap (SNAP) jumped Wednesday after the social media company posted better-than-anticipated results and announced a stock buyback. The owner of the Snapchat photo and video sharing app reported third quarter non-GAAP earnings per shar ...

Snap (SNAP) reported third-quarter 2024 earnings of 8 cents per share, which beat the Zacks Consensus Estimate by 60% and surged 300% from the year-ago quarter. The stock jumped more than 10% in extended trading. Revenues increased 15.5% year over year to $1.37 billion and beat the Zacks Consensus Estimate by 1.36%. Geographically, revenues from North America (62.5% of revenues) increased 9.1% year over year to $857.6 million. Revenues from Europe (18.1% of revenues) increased 24.3% to $248.9 million. Reven ...

I recently joined The REIT Forum and if you are looking for more investment ideas like this one, get them exclusively at The REIT Forum with access to our subscriber only portfolios. I last wrote about Snap (NYSE: SNAP ) in September, where I reiterated my "buy" rating despite severely reducing my price target of the stock, as I believed there to be an attractive tradeable bottom in the stock from Amrita runs a boutique family office fund in beautiful Vancouver, where she leads the investment strategy for t ...

Evan Spiegel, CEO of Snap Inc., speaks during the 6th annual Snap "Partner Summit" on September 17, ... [+] 2024, at the Barker Hangar in Santa Monica, California. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images) AFP via Getty Images Snap's stock (NYSE: SNAP) surged over 10% in after market hours on Tuesday, October 29, after the company posted upbeat Q3 results. Snap reported revenue of $1.37 billion and adjusted earnings of eight cents per share - faring better than the ...

Snap's stock rose 10% after its third-quarter revenue beat Wall Street expectations.Snap's revenue grew 15% to $1.37 billion, surpassing analyst estimates of $1.36 billion.Snap's revenue growth was attributed to AI features and growth in Snapchat+ users. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed ...

For the quarter ended September 2024, Snap (SNAP) reported revenue of $1.37 billion, up 15.5% over the same period last year. EPS came in at $0.08, compared to $0.02 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.35 billion, representing a surprise of +1.36%. The company delivered an EPS surprise of +60.00%, with the consensus EPS estimate being $0.05. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...

Financial Data and Key Metrics - Total revenue in Q3 2024 was $1.37 billion, up 15% year-over-year and 11% quarter-over-quarter [30] - Advertising revenue was $1.25 billion, up 10% year-over-year, driven by a 16% increase in DR advertising revenue [30] - Other revenue, primarily from Snapchat+ subscriptions, more than doubled year-over-year to $123 million, with Snapchat+ subscribers exceeding 12 million [30] - Adjusted EBITDA was $132 million, up from $40 million in Q3 2023, reflecting higher revenue and disciplined operating expenses [36] - Free cash flow was $72 million, with operating cash flow at $116 million [38] - Net loss improved by 58% year-over-year to $153 million, driven by higher adjusted EBITDA and reduced stock-based compensation [37] Business Line Performance - Daily Active Users (DAUs) reached 443 million in Q3, up 37 million year-over-year and 11 million quarter-over-quarter [7][15] - North America DAUs were 100 million, flat year-over-year but up quarter-over-quarter [15] - Europe DAUs were 99 million, up from 97 million in the prior quarter and 95 million in the prior year [15] - Rest of World DAUs were 244 million, up from 235 million in the prior quarter and 211 million in the prior year [15] - Snapchat+ subscription business more than doubled year-over-year, contributing to other revenue growth [30] Market Performance - North America revenue grew 9% year-over-year, Europe revenue grew 24%, and Rest of World revenue grew 32% [31] - Global impression volume grew 19% year-over-year, driven by expanded advertising delivery within Spotlight and Creator Stories [32] - eCPMs were down 7% year-over-year due to inventory growth exceeding advertising demand [32] Strategic Direction and Industry Competition - The company is focused on growing its community, deepening engagement, and diversifying revenue sources, particularly through augmented reality (AR) and AI innovations [7][10] - Snap introduced the fifth generation of Spectacles, AR glasses powered by Snap OS, and generative AI innovations for its AR developer platform [10] - The company is investing in machine learning and evolving its advertising products to better serve advertising partners, particularly in the lower-funnel DR business [8] - New ad placements, Sponsored Snaps and Promoted Places, are expected to contribute incremental advertising inventory over time [28] Management Commentary on Operating Environment and Future Outlook - Management highlighted the potential for Simple Snapchat to drive content engagement among less frequently engaged users, which could be an important input to impression growth and incremental reach for advertisers [40] - The company is cautiously testing Simple Snapchat in highly monetized markets, with a broader rollout not expected until Q1 2025 at the earliest [41] - Q4 2024 revenue guidance is $1.51 billion to $1.56 billion, implying year-over-year growth of 11% to 15% [43] - The company authorized a new $500 million share repurchase program, reflecting confidence in its financial position and commitment to long-term shareholder value [47] Other Key Information - Adjusted cost of revenue was $637 million, up 16% year-over-year, driven by infrastructure costs related to ML and AI investments [33] - Adjusted gross margin was stable at 54%, in line with the prior year [34] - Adjusted operating expenses were $604 million, up 1% year-over-year, with lower personnel costs offset by higher marketing and legal-related costs [35] Q&A Session Summary Question: Risk Management for Simple Snapchat Transition - The company is taking a test-and-learn approach to Simple Snapchat, focusing on understanding shifts in inventory and potential impacts to monetization before a broader rollout [50] Question: Rollout Timing for Simple Snapchat in Major Markets - The company is still early in understanding the monetization dynamics of Simple Snapchat and is considering a phased rollout over an extended period to minimize disruption [53] Question: Potential of Sponsored Snaps and Promoted Places - Sponsored Snaps and Promoted Places are expected to leverage Snap's existing ad format, providing incremental advertising inventory over time [56][57] Question: Balance Between Engagement and Monetization in Simple Snapchat - The company's primary focus is on creating the best product experience for its community, which is expected to drive long-term advertising opportunities [61][63] Question: Spotlight Engagement Outside North America - Spotlight engagement has shown strong growth globally, with North America seeing a mix shift from Stories to Spotlight content [64] Question: App Install Product Performance and Q4 Revenue Growth - The company has seen strong results from app install and app purchase optimizations, with cost-per-install down 24% and cost-per-purchase down 27% [68] - Q4 revenue growth is expected to be driven by continued execution in the DR business, with limited recovery expected in Brand advertising [71][72] Question: Confidence in Outpacing Digital Ad Market Growth - The company is focused on executing its DR business roadmap, particularly in the lower-funnel segment, and growing its SMB customer base to drive sustained revenue growth [76][80] Question: Investment and Timing for Spectacles - The company is focused on building a robust developer ecosystem for Spectacles to ensure a strong library of AR experiences before widespread consumer adoption [83][84]

In a digital world where simplicity is king, Snap, the parent company of Snapchat, introduced a simplified version of Snapchat, organized into three main experiences: communicating with friends, using the camera, and viewing content. The redesign aims to elevate user engagement and discovery for creators. With about 10 million users, early results show positive impacts, particularly on Android devices, with increased content interaction. "We're definitely excited about the long-term opportunity of Simple Sn ...