Snap Forecasts Multiple Years of 50%-Plus Sales Growth : vim

Snap Forecasts Multiple Years of 50%-Plus Sales Growth
Bloomberg
2/23/2021
Naomi Nix
© Bloomberg
The Snapchat application on a smartphone arranged in Saint Thomas, Virgin Islands, U.S., on Friday, Jan. 29, 2021. Snap Inc. is scheduled to release earnings figures on February 4.
(Bloomberg) -- Snap Inc. shares jumped to a record, reversing an earlier decline, after the social-media company forecast revenue growth of 50% or more for several years, buoyed by investments in more engaging advertising and innovations in augmented reality.
Popular Searches
The company, parent of the Snapchat app, is “in a position to drive multiple years of 50%-plus revenue growth,” said Peter Sellis, senior product director, in a presentation Tuesday at Snap’s first-ever investor day. At the event, executives outlined a vision for how Santa Monica, California-based Snap will boost its audience while maintaining user privacy and trust.

Related Keywords

New York , United States , Virgin Islands , Peter Sellis , Santa Monica , Bloomberg , Bloomberg Snap Inc , Saint Thomas , Bloomberg The Snapchat , California Based Snap , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , கன்னி தீவுகள் , சாந்தா மோனிகா , ப்ளூம்பெர்க் , ப்ளூம்பெர்க் ஒடி இன்க் , துறவி தாமஸ் , கலிஃபோர்னியா அடிப்படையிலானது ஒடி ,