Snap Stock News

Shares of online ad sellers surged on Wednesday as strong earnings from Google-parent Alphabet, Reddit and Snap signaled solid spending from brands ahead of the crucial holiday season.

Social media platform Snap Inc (NYSE:SNAP) shares are expected to rally more than 11% when US markets open today after third-quarter results highlighted strong active user and revenue growth. Year-on-year revenue surged 15% to $1.4 billion, with daily active users increasing 9% to 443 million.

Snap's stock rose 10% after its third-quarter revenue beat Wall Street expectations. Snap's revenue grew 15% to $1.37 billion, surpassing analyst estimates of $1.36 billion.

Snap Inc. (NYSE:SNAP ) Q3 2024 Earnings Conference Call October 29, 2024 5:00 PM ET Company Participants David Ometer - Head, Investor Relations Evan Spiegel - Chief Executive Officer & Co-Founder Derek Andersen - Chief Financial Officer Conference Call Participants Dan Salmon - New Street Research Rich Greenfield - LightShed Partners Justin Post - Bank of America Ken Gawrelski - Wells Fargo Ja...

In a digital world where simplicity is king, Snap, the parent company of Snapchat, introduced a simplified version of Snapchat, organized into three main experiences: communicating with friends, using the camera, and viewing content. The redesign aims to elevate user engagement and discovery for creators.

Online ad sellers added over $100 billion stock market value late on Tuesday after upbeat quarterly results from Alphabet , Reddit and Snap lifted investor optimism ahead of reports from Amazon and Meta Platforms.

Snap stock gained after its Q3 results beat expectations but the Snapchat parent's Q4 forecast missed analyst projections.

Shares of Snap Inc. rose after hours on Tuesday after the social-media platform reported third-quarter results that beat expectations and said its board authorized a stock buyback of up to $500 million.