Snap Beats Expectations as World Cup Ads and Subscriptions Drive Growth
Snapchat parent posts $1.60B revenue, beats forecasts. Shares jump as ads and Other Revenue surge 85%.
Snapchat parent posts $1.60B revenue, beats forecasts. Shares jump as ads and Other Revenue surge 85%.
Snap launched $2,195 AR Specs glasses mixing real world with digital layers; analysts mixed, stock fell on high price concern.
Meta has quietly released Forum, a Reddit-like app for Facebook Groups. Reddit's stock dropped on fears of new competition from the social media giant.
Snap shares fell after Meta rolled out Instants — disappearing photos you can’t edit or screenshot. The new Instagram feature (and standalone app) looks a lot like Snapchat.
Snap reported $1.53B in Q1 revenue with an increase in users, but ad sales were hit by the Iran conflict, and the company ended its AI partnership. It is now cutting costs.
Snap upgraded to Buy with 77% upside; analysts expect first profit, rising subscriptions, and stronger growth ahead.