US EditionSnap plunges 11% on ‘headwinds’ to start quarter, inability to offer guidance
- Snap Inc. Released its first quarter 2025 financial results on April 30.
- The company focused on shifting advertising types and improving its platform performance.
- Snap reported increased revenue and significantly narrowed its net loss during the quarter.
- Revenue grew 14 percent to $1.36 billion, while the net loss decreased to $140 million.
- Citing macroeconomic uncertainty, the company declined to provide financial guidance for the second quarter.
23 Articles
23 Articles
"Against Wind: Trump's tariffs also hurt Snapchat
The economic uncertainty following the import duties announced by President Donald Trump on a large number of products beats through the business of the photo app Snapchat: The share price suffers. The operating company Snap dispenses with a forecast for the current quarter after the start of the quarter "Againstwind for the business". The share fell temporarily by more than 15 percent after the announcement of this approach.Snapchat became know…
Snap, Facing “Headwinds,” Scraps Q2 Guidance Amid Economic Uncertainty As Stock Drops
Snapchat parent Snap saw its stock droop in late trade after reporting first-quarter financials accompanied by a dose of realism even as monthly active users hit 900 million in the first quarter of 2025. “Given the uncertainty with respect to how macro economic conditions may evolve in the months ahead, and how this may impact advertising demand more broadly, we do not intend to share formal financial guidance for Q2,” the company said in its …
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