Snap stock

2023 - 1 - 31

Snap stock plunges 15% as revenue growth stalls (CNN)

Snap's quarterly revenue was just shy of $1.3 billion, essentially flat from the year prior. For the full year, Snap's revenue grew 12%, a slower rate that the ...

The company reported having 375 million daily active users in the quarter, an increase of 17%. Perhaps the lone bright spot for Snap in the results is its audience. It estimates revenue for the first three months of the year will be down between 2% and 10% compared to the previous year. in the near term.” Snap said it has already seen a roughly 7% revenue decline so far in the first quarter compared to the year prior. Snap’s quarterly revenue was just shy of $1.3 billion, essentially flat from the year prior.

Snap Stock Tumbles on Earnings (Barron's)

Snap SNAP +1.65% stock was sinking in late trading Tuesday after the Snapchat parent missed earnings expectations and said it expects a first-quarter sales ...

Its non-GAAP, or adjusted, earnings were 14 cents a share. Snap said its fourth-quarter net loss was $288.5 million, or 18 cents a share, compared to analyst expectations for a loss of 11 cents a share. Snap Stock Tumbles on Earnings.

Snap Quarterly Results Top Earnings Views, Miss Revenue Estimates (Investor's Business Daily)

Snap's stock dropped late Tuesday after it reported fourth-quarter results that missed revenue estimates but beat earnings per share views.

[Battered E-Commerce Retailer Jumps 23% On Positive Stock Upgrade](https://www.investors.com/news/technology/w-stock-wayfair-soars-on-positive-upgrade/) [Why Meta's Troubles May Now Be Easing After A Difficult Year](https://www.investors.com/news/technology/meta-stock-gets-a-price-target-increase/) [When To Sell Growth Stocks: This Could Be Your No. [IBD's 2023 Best Online Broker Survey](https://www.investors.com/best-online-brokers-2023/)? [AAPL](https://research.investors.com/quote.aspx?symbol=AAPL)) that led to a discomforting decline in revenue. Analysts looked for Snap to report earnings of 11 cents a share on revenue of $1.31 billion. "However, more adjustments may be necessary if the environment further deteriorates." 1 Rule](https://www.investors.com/how-to-invest/investors-corner/when-to-sell-growth-stocks-number-1-rule/) [See Stocks On The List Of Market Leaders With IBD Leaderboard](https://www.investors.com/product/leaderboard/?artProdLink=Leaderboard) [Join IBD Live And Learn Top Chart Reading And Trading Techniques From Pros](https://shop.investors.com/offer/splashresponsive.aspx?id=IBD-Live&intcode=invstcntnartcls%7Ccms%7Cibdlive%7C2020%7C07%7Cibdlive%7Cna%7C%7C727112&src=A00433A) [@IBD_BDeagon](https://twitter.com/IBD_BDeagon) for more on tech stocks, analysis and financial markets. [20% of its workforce](https://www.investors.com/news/technology/snap-stock-jumps-on-restructuring-plans-snapchat/) of more than 6,000 people as part of a companywide restructuring. [the earnings release](https://s25.q4cdn.com/442043304/files/doc_financials/2022/q4/Q4'22-Press-Release.pdf). [stock market today](https://www.investors.com/news/stock-market-today-market-trends-best-stocks-buy-watch/). [SNAP](https://research.investors.com/quote.aspx?symbol=SNAP)) reported fourth-quarter results late Tuesday that very narrowly fell short of revenue estimates and beat earnings forecasts during a tumultuous period for the social media company. Despite the earnings beat, the company said in a letter to investors that it's seeing a decline in revenue of roughly 7% thus far in its first quarter.

Snap stock has lost the one thing it had going for it (MarketWatch)

Revenue growth is gone, and Snapchat's chances of turning it around are slim while competing with Facebook, Google and TikTok.

Google and Facebook are about to drop a lot of cash and earnings on the table with their earnings reports this week, even with revenue-growth concerns. But Snapchat’s sales growth fell to less than 12% in 2022, was roughly flat in the fourth quarter, and executives said that [internal assumptions](https://s25.q4cdn.com/442043304/files/doc_financials/2022/q4/Snap-Inc.-Q4-2022-Investor-Letter.pdf)call for a year-over-year revenue decline of 2% to 10% to begin this year. Spiegel was out in front of his rivals in laying off employees, announcing a 20% cut last summer that is effectively complete. [META, +23.28%](/investing/stock/META?mod=MW_story_quote)and Google parent Alphabet [GOOG,](/investing/stock/GOOG?mod=MW_story_quote) +7.27% [GOOGL,](/investing/stock/GOOGL?mod=MW_story_quote)slipped but then slightly recovered. The entire internet sector has been under a triple whammy from Apple Inc.’s +7.28% [AAPL,](/investing/stock/AAPL?mod=MW_story_quote)privacy changes to iOS, competition from TikTok and advertisers looking to cut their spending. He also noted that Snap’s direct response business grew in the quarter.

Snap shares plunge on weak revenue as digital ad struggles continue (CNBC)

Snap missed on revenue in its fourth-quarter earnings report and the company said revenue in the first quarter is likely to drop.

[clearer picture](https://www.cnbc.com/2023/01/30/meta-earnings-report-will-provide-hint-at-how-online-ads-are-doing.html) of the state of that market later this week. The stock [lost 39%](https://www.cnbc.com/2022/07/22/snap-shares-dive-35percent-following-poor-earnings-report-.html) following its Q2 report in July after it missed on both top and bottom lines. The company also shelved several projects during the year, including its photo-taking drone and Snap Originals premium shows. But its simplicity also meant that companies could quickly pause campaigns in such a way as to severely affect Snap's finances. In its earnings statement, Snap said it wouldn't provide guidance for the next period. Snap's stock plummeted 81% last year as the Nasdaq Composite had its worst year since 2008. It's the third disappointing earnings report in a row for Snap investors. However, in the investor letter the company said its "internal forecast" assumes a decline of between 2% and 10% from a year earlier. [Is the bubble bursting for tech workers?](https://www.cnbc.com/video/2023/01/30/is-the-bubble-bursting-for-tech-workers.html) For the full year, sales rose 12% to $4.6 billion in 2022. [ debuted](https://www.cnbc.com/2022/06/29/snapchat-plus-subscription-plan-price-release.html) its subscription service last summer, pitching it as a way for users to access pre-release and exclusive features for $3.99 a month. - For a third straight quarter, the social media company is declining to provide guidance, though it says its "internal forecast" assumes a sales decline of between 2% and 10% from a year earlier.

Snap Stock Plummets On Q4 Loss, Advertising Outlook; Meta ... (TheStreet)

Snap shares plunged lower Wednesday after the the messaging app maker posted a surprise fourth quarter loss and cautioned that a pullback in ad spending ...