Snap Inc. reported fourth-quarter results that exceeded expectations on key metrics, leading to a surge in after-hours trading. The company posted an EPS of $0.16, significantly beating the anticipated loss of $0.04 per share. Revenue came in slightly above expectations at $1.56 billion, driven by a 14% year-over-year increase in ad revenue. The number of daily active users reached 453 million, with a forec
Snap Inc. (SNAP) has reported stronger-than-expected Q4 results, prompting Citi to raise its target price to $13.50 from $13, while maintaining a "Neutral/High Risk" rating. The report highlights Snap's direct response (DR) advertising platform, which saw a 14% y/y revenue increase as the advertiser base doubled. Additionally, Snapchat+ subscribers reached 14 million, contributing $143 million in revenue, a
Snap Inc. reported a robust fourth-quarter performance, with revenue climbing 14% year-over-year to $1.56 billion, surpassing analyst expectations. This growth was primarily driven by a strong performance in its advertising segment, which contributed $1.41 billion, marking a 10% increase from the previous year. The company also saw a significant boost in its Snapchat+ subscription service, which grew 131% y
Snap Inc. reported a stronger-than-expected gain in fourth-quarter revenue, signaling success in its ongoing advertising business overhaul. The company posted revenue of $1.56 billion, surpassing Wall Street's expectations of $1.55 billion, and marking a 14% increase from the previous year. This growth was largely driven by a 10% year-over-year rise in advertising revenue, which totaled $1.41 billion. Snap'
Snap Inc. is facing significant legal scrutiny as the U.S. Federal Trade Commission (FTC) has referred a complaint to the Justice Department concerning potential violations related to its My AI chatbot. The complaint alleges that the chatbot, integrated into Snapchat, may have caused harm to young users, although specific details of the alleged harm have not been disclosed. The FTC's decision to publicize t
Shares of Snap Inc. are experiencing a decline as reports emerge that Chinese officials are considering selling TikTok's U.S. operations to Elon Musk. This development comes amid heightened scrutiny and potential regulatory actions against TikTok in the United States due to national security concerns. The possibility of Musk acquiring TikTok has sparked widespread speculation, as it could significantly alte
Snap Inc. (SNAP) shares closed at $12.44 on December 6, 2024, marking a 2.22% increase from the previous day's close of $12.17. The stock opened at $12.37 and reached a high of $13.02 during the trading session, with a significant volume of 49,916,333 shares, which is 174.26% of the average daily volume. The surge in Snap's stock price was primarily driven by a federal appeals court ruling that upheld a U.S
Snap Inc. (SNAP) shares are experiencing an uptick today following a significant legal development that could reshape the competitive landscape in the social media sector. A federal appeals court upheld a U.S. law that mandates TikTok's parent company, ByteDance, to divest its U.S. operations to a non-Chinese owner or face a ban from U.S. app stores by January 2025. This ruling, delivered on December 6th, h
Snap Inc. (NYSE: SNAP) shares are experiencing an uptick today following a significant legal development concerning its competitor, TikTok. On December 6th, a federal court upheld a U.S. ban on TikTok, rejecting an appeal by the Chinese-owned platform that claimed the ban was unconstitutional. This decision is seen as a potential boon for rival social media companies like Snap, as it could lead to a shift i
Snap Inc. (SNAP) shares are experiencing an uptick following a federal court's decision to uphold the U.S. ban on TikTok, a major competitor in the social media space. This ruling, announced on December 6th, has sparked investor optimism for Snap, as the ban could potentially redirect user engagement and advertising dollars towards rival platforms like Snapchat. The court's decision comes after TikTok's app
Snap Inc. (SNAP) shares closed down 3.57% at $12.17 on December 5, 2024, after opening at $12.58 and reaching a low of $11.71 during the trading session. The stock's decline was driven by a combination of factors, including a report from Cleveland Research indicating "mixed" checks for Snap's Q4 advertising trends. This report highlighted incremental weakness in brand advertising and a cautious outlook for
Snap Inc. shares are experiencing a decline today, driven by a combination of factors affecting the broader social media landscape. A significant development is the ongoing legal saga surrounding TikTok, which has implications for Snap and its competitors. The US Court of Appeals is expected to issue a ruling on whether TikTok's China-based owner must sell the app or face a ban in the US. This uncertainty i
Snap Inc. (SNAP) shares are experiencing a decline today following a report from Cleveland Research indicating that checks for Snap's fourth quarter remain "mixed." This assessment has likely raised concerns among investors about the company's ability to meet expectations in the upcoming earnings report. The market's reaction suggests a lack of confidence in Snap's near-term performance, especially in light
Snap Inc. (SNAP) is currently facing challenges with declining ad revenues and increasing competition, as highlighted in recent analyst insights. Concerns over user growth and monetization efforts have led to a bearish outlook on the stock, with analysts setting a price target of $10. This sentiment reflects ongoing struggles for Snap in maintaining its market position amidst a rapidly evolving digital land
Snap Inc. (SNAP) saw its stock decline by 1.87% on December 4, 2024, closing at $12.62 after opening at $12.93. The stock experienced a low of $12.58 during the day, with trading volume at 14,502,494 shares, significantly below the average daily volume of 28,254,490. The decline in Snap's stock price can be attributed to a combination of factors, including recent discussions on Reddit where traders expresse
Reddit discussions about Snap Inc. (SNAP) have been varied, with some users focusing on trading strategies and others discussing broader market trends. One post on r/StockTradingIdeas mentioned awaiting a short signal for SNAP, highlighting a 77% win rate on a 15-minute chart. This suggests that some traders are looking for short-term opportunities in the stock, possibly anticipating further price fluctuati
Snap Inc. (SNAP) saw a significant rise in its stock price on December 3, 2024, closing at $12.86, up 6.19% from the previous day's close of $12.11. The stock opened at $12.09 and reached a high of $13.05 during the trading session, with a trading volume of 28,388,037 shares, slightly above its average. The upward movement was fueled by several positive developments, including the introduction of new augmen
Snap Inc. shares are experiencing a notable uptick today, driven by a positive shift in market sentiment and strategic developments. The company has recently introduced innovative augmented reality solutions and partnered with influential brands, which has set a positive tone for its future. Additionally, the halt in the proposed TikTok ban is seen as a favorable development for Snap, maintaining a competit
Snap Inc. shares are experiencing a notable uptick today, driven by a combination of strategic developments and market dynamics. The company has recently introduced new safety-oriented features in its Family Center, enhancing user engagement through improved location-sharing capabilities. This move underscores Snap's commitment to family safety and connectivity, which is resonating well with users. Addition
Snap Inc. shares are experiencing a notable uptick today, driven by a positive adjustment in its price target by Citigroup. The investment firm raised Snap's price target to $13.00, reflecting increased confidence in the company's market maneuvers and enhanced viewer engagement. This upgrade comes amid a broader market context where Snap is seen as maintaining a competitive edge, especially with the potenti