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Stock impact report

Snap (SNAP) Soars 9.7% on Q3 Blowout, Upbeat Outlook [Yahoo! Finance]

Snap Inc. Class A (SNAP) 
Last snap inc. class a earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.snap.com/company-profile
Company Research Source: Yahoo! Finance
Snap Inc. ended two straight days of losses on Thursday, jumping 9.73 percent to close at $8.01 apiece as investors cheered its strong earnings performance that solidified its path to profitability, alongside an upbeat outlook for the fourth quarter of the year. In an updated report, Snap Inc. (NYSE:SNAP) said it narrowed its net loss by 32 percent to $103.5 million from $153 million in the same period last year. Revenues increased by 9.8 percent to $1.5 billion from $1.37 billion year-on-year, driven by improved advertising demand and the rapid expansion of direct revenue streams. Advertising revenues alone increased by 8 percent, while other revenues, including Snapchat+ subscription, jumped 54 percent year-on-year. Adjusted EBITDA stood at $182 million, higher by 38 percent than the $131.96 million in the same comparable period. For the fourth quarter, Snap Inc. (NYSE:SNAP) expects to hit revenues of $1.68 billion to $1.71 billion, implying a year-on-year growth of 8 to 10 Show less Read more
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