Snap shares soar 23% as company beats on earnings, shows strong revenue growth
Publishing timestamp: 2024-04-25 18:35:48
Summary
Snap reported first-quarter results that beat analysts' estimates, showing a return to double-digit revenue growth. Revenue increased 21% driven by improvements in the advertising platform. Shares soared more than 23% in extended trading. Adjusted EBITDA exceeded expectations and the company is well positioned for continued improvement in business performance.
Sentiment: POSITIVE
Keywords: internet, snap inc, business news, technology, social media, meta platforms inc, breaking news: technology, earnings,
Source: https://www.cnbc.com/2024/04/25/snap-snap-q1-2024-earnings-.html