SNAP Q1 Earnings Surpass Estimates, Revenues Increase Y/Y

Snap (SNAP) reported first-quarter 2024 earnings of 3 cents per share, which beat the Zacks Consensus Estimate by 160% and increased 200% year over year.Revenues increased 20.9% year over year to $1.19 billion and beat the Zacks Consensus Estimate by 6.79%.Daily active users (DAU) at the end of the reported quarter were 422 million, up 10.2% year over year. Snap added 39 million DAU on a year-over-year basis.Geographically, revenues from North America (62.2% of revenues) increased 16.1% year over year to $7 ...