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Stock impact report

Snap shares soar 23% as company beats on earnings, shows strong revenue growth [CNBC]

FactSet Research Systems Inc. (FDS) 
Last factset research systems inc. earnings: 3/26 07:01 am Check Earnings Report
US:NYSE Investor Relations: investor.factset.com
Company Research Source: CNBC
Here's how the company did: Earnings per share: 3 cents adjusted vs. a loss of 5 cents expected by LSEG Revenue: $1.19 billion vs. $1.12 billion expected by LSEG Global daily active users : 422 million vs. 420 million expected, according to StreetAccount Average revenue per user: $2.83 vs. $2.67 expected, according to StreetAccount Revenue for Snap's first quarter increased 21% from $989 million in the same period last year. The company is growing at an accelerated clip, after it had previously reported six straight quarters of single-digit growth or sales declines. Snap has been working to rebuild its ad business after the digital ad market stumbled in 2022, and it's starting to pay off. In its investor letter, Snap said its revenue growth was primarily driven by improvements in the company's advertising platform, as well as demand for its direct-response advertising solutions. Advertising revenue came in at $1.11 billion in the first quarter. Snap's “Other Revenue” ca Show less Read more
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