Snap(US:SNAP) Benzingaยท2025-04-29 20:35Financial Performance - Snap reported first-quarter revenue of $1.36 billion, up 14% year-over-year, exceeding the Street consensus estimate of $1.35 billion [1] - The company reported an adjusted loss of 8 cents per share, better than the consensus estimate of a loss of 13 cents per share [1] User Growth - Snap had 460 million daily active users at the end of the first quarter, representing a 9% year-over-year increase [2] - The company surpassed 900 million monthly active users, moving towards its goal of one billion [2] Operational Highlights - Adjusted EBITDA for the quarter was $108 million, reflecting a 137% year-over-year improvement [2] - Active advertisers increased by 60% year-over-year, indicating progress in advertising solutions and Snapchat+ subscriptions [3] Future Outlook - Snap is not providing formal guidance for the second quarter due to macroeconomic uncertainties affecting advertising demand [4] - The company anticipates daily active users to reach 468 million in the second quarter, despite headwinds at the start of the quarter [5] - Snap remains optimistic about its long-term business prospects, focusing on community growth, revenue diversification, and augmented reality [5][6] Stock Performance - Snap's stock fell 12% to $8.00 in after-hours trading, with a 52-week trading range of $7.08 to $17.33 [6] - The stock was up 2.9% to $9.09 during intraday trading [6]