Snap Beats on Q3 Earnings & Revenues, Announces Buyback, Stock Up

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 ...