"The social media company reported fourth-quarter earnings of 3 cents per share on Feb. 4, topping consensus estimates for a 3-cent loss. Revenue rose 10.2% year over year to $1.72 billion, beating analyst expectations of $1.70 billion. "Our Q4 results began to reflect the impact of our strategic pivot toward profitable growth, translating into revenue diversification and meaningful margin expansion," said CEO Evan Spiegel."
"Daily active users fell to 474 million in the fourth quarter, down from 477 million in the third quarter. However, global monthly active users reached 946 million, an increase of 51 million or 6% year over year. The company reported a 47% year-over-year increase in U.S. Snapchatters posting to Spotlight, while Spotlight reposts and shares jumped 69% year over year."
Snap posted fourth-quarter earnings of $0.03 per share, beating expectations for a $0.03 loss. Revenue increased 10.2% year over year to $1.72 billion, above analyst estimates. Daily active users declined to 474 million from 477 million, while global monthly active users rose to 946 million, up 6% year over year. Spotlight engagement showed strong growth, with a 47% increase in U.S. postings and a 69% rise in reposts and shares. A share buyback was authorized and a 2026 Specs launch was highlighted as a potential AI glasses platform. Premarket stock rose about 4% to $5.40.
Read at Benzinga
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