Shares in Snapchat parent company soar after topping revenue, user growth estimates
Briefly

from The Globe and Mail3 weeks ago
Snap's business improved faster than expected, with revenue per user growing year over year and daily active users reaching 422 million.
The Globe and Mailhttps://www.theglobeandmail.com/business/technology/article-shares-in-snapchat-parent-company-soar-after-topping-revenue-user/
Snap's stock gained 25% after exceeding analyst expectations, but some remain cautious due to historical volatility in results.
The Globe and Mailhttps://www.theglobeandmail.com/business/technology/article-shares-in-snapchat-parent-company-soar-after-topping-revenue-user/
Analysts are hesitant to fully endorse Snap's performance, citing the need for more consistent improvement and questioning the path to operating profitability by 2028.
The Globe and Mailhttps://www.theglobeandmail.com/business/technology/article-shares-in-snapchat-parent-company-soar-after-topping-revenue-user/
Read at The Globe and Mail
#snap #revenue-growth #user-growth #analyst-expectations #advertising-competition
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