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Shares of social network Snapchat (NYSE: SNAP) jumped 6.1% in the afternoon session after social media and online advertising peer, Pinterest reported first-quarter results with revenue exceeding analysts' expectations on higher-than-expected MAUs (monthly active users).
SNAP earnings call for the period ending March 31, 2024.
Shares of social network Snapchat (NYSE: SNAP) jumped 27.5% in the afternoon session after the company reported first-quarter results with revenue beating expectations, driven by better-than-expected daily active users. Its revenue growth and higher operational efficiency also enabled it to post positive EBITDA and free cash flow, beating Wall Street's pessimistic estimates.
Social Media Stocks in Play - Snap Inc. (NYSE: SNAP) Soars on Financial Results
First quarter revenue increased 21% year-over-year to $1,195 million Daily Active Users increased 10% year-over-year to 422 million First quarter operating cash flow of $88 million and Free Cash...