Snap Inc. (SNAP)
| Market Cap | 18.82B |
| Revenue (ttm) | 4.61B |
| Net Income (ttm) | -1.32B |
| Shares Out | 1.65B |
| EPS (ttm) | -0.82 |
| PE Ratio | n/a |
| Forward PE | 70.63 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 50,934,096 |
| Open | 10.63 |
| Previous Close | 11.08 |
| Day's Range | 10.54 - 11.55 |
| 52-Week Range | 7.86 - 17.90 |
| Beta | 1.14 |
| Analysts | Hold |
| Price Target | 13.45 (+17.98%) |
| Earnings Date | Apr 25, 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 23 analysts, the average rating for SNAP stock is "Hold." The 12-month stock price forecast is $13.45, which is an increase of 17.98% from the latest price.
News
Snap shares jump nearly 30% after Q1 beat
Shares in Snap soared nearly 30% in thin volume in Frankfurt on Friday after the owner of the photo messaging app beat Wall Street expectations for quarterly revenue and user growth.
Snap Reports Augmented Reality Drives User Engagement, Brand Advertising
Snapchat parent company Snap believes that augmented reality (AR) will be “one of the most meaningful advancements in computing that the world has ever seen.” Evan Spiegel, CEO of Snap, said this Thur...
Snap stock soars after Q2 forecast tops estimates
Snap Inc. (SNAP) delivered a strong performance in the first quarter, surpassing earnings estimates on both the top and bottom lines. The company reported adjusted earnings of $0.03 per share, beating...
Snapchat parent company sees shares surge as improved ad system pays off
Snap's share surged 21% in after-hours trading as app's users increased by 422 million, bringing in $1.2bn in revenue
Snap says total watch time on its TikTok competitor increased more than 125%
As part of its Q1 2024 earning release, Snap revealed that total watch time on its TikTok competitor, Spotlight, increased more than 125% year-over-year. Snapchat launched the TikTok-like feed in late...
Snap Stock Soars On Strong Q1 Revenue & Outlook As Daily Active Users Hit 422 Million
Shares of Snapchat parent Snap popped 26% in late trading after the social media network said revenue jumped more than expected last quarter to $1.95 billion, up 21% from 2023. The number, and the out...
Snap stock soars following beat on revenue, earnings and daily active users
CNBC's Julia Boorstin, Nicole Webb, Wealth Enhancement Group SVP, and Kevin Mahn, Hennion & Walsh Asset Management president & CIO, joins 'Closing Bell Overtime' to talk Snap, Alphabet, Intel and Micr...
Snap shares rocket more than 20% higher on brighter second-quarter forecast
Shares of Snap Inc. rocketed higher after hours on Thursday after the social-media platform forecast second-quarter sales that were better than expected, as it attracts more users and tries to strengt...
Snap beats first-quarter expectations with ad platform improvements
Snap beat Wall Street's expectations for quarterly revenue and user growth on Thursday, as improvements to its advertising system delivered results faster than anticipated.
Snap shares soar 23% as company beats on earnings, shows strong revenue growth
Snap reported first-quarter results that beat analysts' estimates
Snap Inc. Announces First Quarter 2024 Financial Results
SANTA MONICA, Calif.--(BUSINESS WIRE)--Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended March 31, 2024. “The value we provide our community and advertising partners has t...
Is Snap stock worth owning in April 2024?
Snap Inc (NYSE: SNAP) has gained over 10% in recent sessions but it may not be out of juice just yet, as per Wells Fargo. How high could Snap stock go in 2024?
Bill that could lead to TikTok ban gets potential new path to becoming law soon
The prospects may have improved this week for a bipartisan House bill that could lead to a nationwide ban for TikTok, as a key Democratic senator voiced her support for the measure following a change ...
Snap's move on TikTok news is 'a bit premature', says Roth MKM's Rohit Kulkarni
Rohit Kulkarni, Roth MKM senior research analyst, and Paul Gallant, TD Cowen TMT policy analyst, join 'Closing Bell Overtime' to talk the TikTok bill in congress and its impact on other social media c...
Snapchat walks back friend-ranking feature blamed for ruining relationships
The site said that it would deactivate the default setting that automatically enabled the so-called "Solar System" function on its Snapchat+.
Snapchat responds to backlash, will turn friend-ranking feature off by default
CNBC's Becky Quick reports on the latest news.
Bradley Tusk explains how Snapchat's new friend-ranking feature impacts teen anxiety
Bradley Tusk, Tusk Ventures CEO, joins 'Squawk Box' to discuss Snapchat's new friend-ranking feature, the impact on teen anxiety, whether social media companies can be regulated, and more.
Snap Inc. Announces Date of First Quarter 2024 Results Conference Call
SANTA MONICA, Calif.--(BUSINESS WIRE)--Snap Inc. (NYSE: SNAP) will hold its quarterly conference call to discuss first quarter 2024 financial results on Thursday, April 25, 2024 at 2:30 p.m. Pacific T...
Snap to Host 6th Annual Snap Partner Summit on September 17, 2024
SANTA MONICA, Calif.--(BUSINESS WIRE)--Snap Inc. (NYSE: SNAP) announced today that its 6th annual Snap Partner Summit will take place at the Barker Hangar in Santa Monica, California, on Tuesday, Sept...
Mark Zuckerberg told Meta executives to ‘figure out' how to crack encrypted Snapchat data: court docs
At the time, Facebook was facing fierce competition from a rising Snapchat, which has yet to go public and was experiencing rapid user growth.
Canadian school boards sue social media giants for over $4 bln in damages
Four Canadian school boards have sought more than $4 billion in damages from social media firms such as Meta Platforms and Snap in a lawsuit, alleging that their products harmed students.
Not Just Trump Media: These Social Media Stocks Are Also Red Hot
The newly public company tied to former President Donald Trump's Truth Social platform isn't the only social media stock rallying, as shares of the handful of other public social media companies are a...
IAS ANNOUNCES FIRST-TO-MARKET PARTNERSHIP WITH SNAP TO PROVIDE AI-DRIVEN BRAND SAFETY AND SUITABILITY MEASUREMENT FOR ADVERTISERS
Advertisers to Benefit from New Safeguards and Added Transparency for Snapchat Campaigns NEW YORK , March 26, 2024 /PRNewswire/ -- Integral Ad Science (Nasdaq: IAS), a leading global media measurement...
Ron DeSantis just signed a bill barring Florida kids under 14 from using TikTok, SnapChat, and Instagram
Florida Gov. Ron DeSantis has barred kids under 14 from using social media platforms.