(Reuters) -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 also forecast a rosy picture for the second quarter, saying it expects revenue between $1.23 billion and $1.26 billion. The guidance beat analyst expectations of $1.22 billion.
Ad buyers have told Reuters that Snap will be a beneficiary of some marketing budgets if TikTok is no longer available.
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