Key TakeawaysSnap missed revenue estimates for the second quarter and offered lower-than-expected guidance on advertising weakness.The operator of the Snapchat social media site said it is taking steps to improve its advertising platform.Shares of Snap lost nearly one-quarter of their value in early trading Friday following the news. Shares of Snap (SNAP) plunged nearly 25% in early trading Friday after the social media company missed revenue estimates for the second quarter and offered lower-than-expected ...

Snap (SNAP) reported second-quarter 2024 earnings of 2 cents per share, which was in line with the Zacks Consensus Estimate. The company had incurred a loss of 2 cents in the year-ago quarter. Revenues increased 15.8% year over year to $1.23 billion but missed the Zacks Consensus Estimate by 1.29%.Geographically, revenues from North America (62.1% of revenues) increased 11.8% year over year to $767.5 million. Revenues from Europe (18.6% of revenues) increased 26.2% to $229.8 million. Revenues from Rest of t ...

Snap Inc (NYSE:SNAP) is down a 23.9% to trade at $9.74 at last check, after the social media company's outlook for the fiscal third quarter came in dramatically short of analysts' expectations. This makes SNAP a contender for Schaeffer's Cheap Seats: Stocks Under $20 segment.SNAP is on track for its worst single-day percentage drop since February, and hit its lowest level since October earlier. The shares also breached former support at the $10 level, which contained its April pullback. SNAP is down 41.8% f ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Snapchat parent Snap has yet to make a profit as it battles with Meta and Google for online ad revenue. Snap shares plunged more than 16 percent on Thursday when a disappointing financial outlook eclipsed a rise in users of the image-centric social network Snapchat. California-based Snap said its loss in the recently-ended qua ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Q2 2024 Earnings Slides August 1, 2024 Forward-Looking Statements & Non-GAAP Financial Measures This presentation contains forward-looking statements about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this presentation, including statements regarding guidance, our future results of operations or financial condition, future stock repurchase programs or stock dividends, business strategy and plans, user growth and e ...

Snap Inc. (NYSE:SNAP) Q2 2024 Earnings Conference Call August 1, 2024 5:30 PM ET Company Participants David Ometer - Head, Investor Relations Evan Spiegel - Chief Executive Officer & Co-Founder Derek Andersen - Chief Financial Officer Conference Call Participants Kenneth Gawrelski - Wells Fargo Daniel Salmon - New Street Research Richard Greenfield - Lightshed Partners Eric Sheridan - Goldman Sachs Operator Good afternoon, everyone, and welcome to Snap Incorporated’s Second Quarter 2024 Earnings Conference ...

For the quarter ended June 2024, Snap (SNAP) reported revenue of $1.24 billion, up 15.8% over the same period last year. EPS came in at $0.02, compared to -$0.02 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.25 billion, representing a surprise of -1.29%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.02.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to________ Commission File Number: 001-38017 __________ ...

Snap (SNAP) came out with quarterly earnings of $0.02 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company behind Snapchat would post a loss of $0.05 per share when it actually produced earnings of $0.03, delivering a surprise of 160%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Snap, which belongs to the Zacks ...