Snap plunges 13% on 'headwinds' to start quarter, inability to offer guidance
Publishing timestamp: 2025-04-29 20:11:36
Summary
Snap reported better-than-expected revenue in the first quarter but declined to provide guidance due to macroeconomic uncertainties. The company's sales jumped 14% to $1.36 billion, but concerns about changes to de minimis exemption and potential constraints on advertising demand led to the decision to hold off on guidance. Snap also lowered its full-year adjusted operating expenses range and revised its full-year cost guidance for stock-based compensation downward.
Sentiment: MIXED
Tickers: META, RDDT, SNAP, PINS,
Keywords: pinterest inc, technology, meta platforms inc, internet, snap inc, earnings, social media, breaking news: technology, business news, reddit inc, mobile,
Source: https://www.cnbc.com/2025/04/29/snap-q1-earnings-report-2025.html