Snap Inc. (SNAP)
| Market Cap | 26.68B |
| Revenue (ttm) | 4.81B |
| Net Income (ttm) | -1.30B |
| Shares Out | 1.64B |
| EPS (ttm) | -0.81 |
| PE Ratio | n/a |
| Forward PE | 67.90 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 11,527,142 |
| Open | 16.06 |
| Previous Close | 16.02 |
| Day's Range | 15.70 - 16.36 |
| 52-Week Range | 8.28 - 17.90 |
| Beta | 1.07 |
| Analysts | Hold |
| Price Target | 15.00 (-7.75%) |
| Earnings Date | Jul 23, 2024 |
About SNAP
Snap Inc. operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective; and advertising products, including AR ads and Snap ads comprises a single image or video ads, collection ... [Read more]
Financial Performance
In 2023, Snap Inc.'s revenue was $4.61 billion, an increase of 0.09% compared to the previous year's $4.60 billion. Losses were -$1.32 billion, -7.50% less than in 2022.
Financial StatementsAnalyst Forecast
According to 26 analysts, the average rating for SNAP stock is "Hold." The 12-month stock price forecast is $15.0, which is a decrease of -7.75% from the latest price.
News
Samba TV Studies Find That Snapchat Campaigns Provided 84% Lift in Driving Audiences to Watch TV Shows and Movies
SAN FRANCISCO, July 01, 2024 (GLOBE NEWSWIRE) -- Snap and Samba TV, a leading provider of TV technology for audience data and omniscreen measurement, have announced new research results that show how ...
Snapchat Inc. To Settle Lawsuit That Claims Discrimination Against Female Employees
Snapchat Inc. will pay $15 million to settle a lawsuit brought by California's civil rights agency.
Snapchat Adds AI-Powered Tools to Build AR Effects
Snapchat parent company Snap has launched new generative artificial intelligence (AI) tools that helps users create augmented reality (AR) effects. These tools will enable artists and developers to cr...
Meta, Reddit, Snap Others in Focus as Surgeon General Calls for Social Media Warnings
The U.S. Surgeon General, Dr. Vivek Murthy, is set to push for a warning label on social-media platforms advising parents that using the platforms might damage adolescents' mental health.
Meta and Snap Expect a Boost From TikTok Ban. This Could Kill Those Hopes.
Meta and Snap's hopes of attracting younger users displaced from TikTok could be hindered by a planned new law in New York.
New York reportedly set to restrict social media algorithms for teens: Wall Street Journal
CNBC's Julia Boorstin joins 'Fast Money' with breaking news on social media changes coming out of New York.
New York set to restrict social media algorithms for teens, WSJ reports
New York is planning to prohibit social media companies from using algorithms to control content to youth without parental consent under a tentative agreement reached by state lawmakers, the Wall Stre...
Snapchat Aims to Spend $1.5 Billion Per Year on AI
The CEO of Snap, developer of Snapchat, says the messaging platform is increasing its spending on artificial intelligence (AI) and machine learning. “There was a recognition that we'd fallen behind th...
Snap Announces Pricing of $650 Million Convertible Senior Notes Offering Due 2030
SANTA MONICA, Calif.--(BUSINESS WIRE)--Snap Inc. (NYSE: SNAP) announced today the pricing of $650 million aggregate principal amount of 0.50% convertible senior notes due 2030 in a private placement t...
Snap announces plans of $650 million private offering
Snap Inc (NYSE: SNAP) is down 3.0% at writing after announcing plans of a private offering of convertible debt. Snap Inc to offer convertible senior notes The social media company will offer $650 mil...
Snap's stock drops after $650 million convertible debt offering
Shares of Snap Inc. SNAP sank 4% in premarket trading, after the parent of the video-messaging app Snapchat announced a private offering of $650 million of convertible debt. The offering comes after t...
Snap Announces Proposed Private Offering of $650 Million of Convertible Senior Notes Due 2030
SANTA MONICA, Calif.--(BUSINESS WIRE)--Snap Inc. (NYSE: SNAP) announced today that it intends to offer, subject to market conditions and other factors, $650 million aggregate principal amount of conve...
Can Snapchat save itself – and keep up with the Silicon Valley giants?
The messaging service pegs itself as the ‘happiest place' online, but Snap's Ronan Harris explain how its post-pandemic struggles has made it focus on being friendlier not just to users but to small b...
Tech platforms make pitch for ad deals as TikTok is roiled by politics
Short-form video took center stage at tech and social media companies' annual presentations to advertisers, as platforms like Snap and Meta look to capitalize on TikTok's political uncertainty in the ...
Snapchat launches new AR and ML tools for brands and advertisers
At the 2024 IAB NewFronts event on Wednesday, Snapchat announced a series of new augmented reality (AR) and machine learning (ML) tools designed to help brands and advertisers reach users on the socia...
Snap's 30% Surge Leads Positive CE 100 Index's Momentum
All pillars in the CE 100 Index posted gains for the week, as earnings spurred broad-based rallies. Snap was up 30.1%, helping drive the Communications pillar up by 12.5%.
Digital ad market is finally on the mend, bouncing back from the 'dark days' of 2022
Earnings reports this week from Meta, Alphabet and Snap showed a solid recovery in the online ad market.
Google, Microsoft, Meta, Intel, and Snap earnings analysis
The release of earnings from Big Tech giants has commenced, with industry leaders like Alphabet (GOOG, GOOGL) and Microsoft (MSFT)impressing Wall Street analysts with their financial performance. As t...
Snap shares rocket 28% after company reports unexpected profit, better-than-expected revenue
Snap shares soared on Friday after the company provided uplifting results, suggesting its online ad business is getting back on track.
Three-Stock Lunch: Snap, Exxon & Colgate
Eva Ados, chief investment strategist at ERShares, joins 'Power Lunch' to discuss plays for three stocks, including Snap, Exxon, and Colgate.
Snap Pops on Daily Active User Growth
In the wake of a possible TikTok ban, SNAP earnings show renewed daily active user growth and signs that the social media company's 2024 turnaround plan is working. #investing #snap #snapchat #tiktok ...
Snap CEO: Digital ad recovery has been broad-based with a constructive economic backdrop
Snap CEO Evan Spiegel joins 'Money Movers' to discuss how much ad revenue acceleration was due to AI tools, the overall rebound in digital advertising, and what the expense guidance says about the com...
Snap Stock Soars 25% After Strong Advertising Sales Drive Q1 Results and Outlook
Snap (SNAP) shares jumped 25% ahead of Friday's opening bell after the Snapchat owner released quarterly financial results above analysts' estimates and guided better-than-expected current-quarter ear...
Snap's Q1 earnings beat sends stock soaring 24% pre-market
Snap Inc. (NYSE: SNAP) made a splash with its Q1 2024 earnings report released on April 25th, showcasing impressive financial results that exceeded market expectations. The tech giant reported a signi...