Published 1 year ago

Snap swings to quarterly net loss, expects lower Q1 rev; shares fall

Summary by Ground News

Snap Inc swung to a net loss in the fourth quarter and said revenue could decline in the current quarter by as much as 10 per cent. The owner of photo messaging app Snapchat is the first of the major digital advertising platforms to report quarterly results. Shares of Snap fell 13 per cent to $10.30 in trading after the bell.

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Times of India

Snap swings to quarterly net loss, expects lower Q1 rev; shares fall

The owner of photo messaging app Snapchat is the first of the major digital advertising platforms to report fourth-quarter results, which provides an early clue for platforms like Facebook owner Meta Platforms Inc and Alphabet's Google when they report results later this week.

1 year ago·India

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Reuters

Snap swings to quarterly net loss, expects lower Q1 rev; shares fall

Snap Inc on Tuesday said current quarter revenue could decline by as much as 10%, sending its shares down 14% as the company struggles with weak advertising demand.

1 year ago·United Kingdom

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Channel News Asia

Snap swings to quarterly net loss, expects lower Q1 rev; shares fall

:Snap Inc on Tuesday swung to a net loss in the fourth quarter and said revenue could decline in the current quarter by as much as 10 per cent as it faces fierce competition from rivals like TikTok and weak advertising demand.Shares of Snap fell 13 per cent to $10.30 in trading after the bell. Meta shares fel

1 year ago·Singapore

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