Loading...
Market
Snap's Q2 Adjusted EPS Range
5
Resolution / Starting Odds
$0.00 to $0.02 • 25%
$0.03 to $0.05 • 25%
$0.06 to $0.08 • 25%
Over $0.08 • 25%
Snap Inc.'s Q2 earnings report
Story
Snap Surges 25%, Beats Q1 EPS and Revenue Forecasts, Eyes Higher Q2 Revenue
Apr 25, 2024, 08:17 PM
Snap Inc. reported a significant beat on its first-quarter earnings, posting an adjusted EPS of $0.03, compared to the expected loss of $0.05 per share. The company's revenue also exceeded forecasts, reaching $1.195 billion against an expected $1.12 billion, marking a 21% growth. This performance marks a notable turnaround from Snap's trend of declining stock prices following earnings reports over the past two years. Daily active users (DAUs) increased by 10% year-over-year, totaling 422 million, slightly above the forecast of 419.83 million. The adjusted EBITDA was $45.7 million, compared to an expected loss of $67.6 million. Snap's positive earnings have led to a substantial increase in its stock price, with shares surging over 25%. Looking ahead, the company anticipates second-quarter revenues to be between $1.225 billion and $1.255 billion, surpassing the estimated $1.14 billion.
View original story
Similar markets
Net loss over $100 million • 25%
Net loss $50-100 million • 25%
Net loss under $50 million • 25%
Net profit • 25%
420-430 million • 25%
431-440 million • 25%
441-450 million • 25%
Over 450 million • 25%
Below $0.20 • 25%
$0.20 to $0.39 • 25%
$0.40 to $0.59 • 25%
$0.60 or above • 25%
Below $0.30 • 25%
$0.30 to $0.40 • 25%
$0.40 to $0.50 • 25%
Above $0.50 • 25%
Decrease over 5% • 25%
Decrease by 0-5% • 25%
Increase by 0-5% • 25%
Increase over 5% • 25%
0-5% • 25%
6-10% • 25%
11-15% • 25%
More than 15% • 25%
