Reported about 9 hours ago
Snap Inc. reported quarterly profits that exceeded Wall Street's forecasts, driven by advancements in its advertising platform, resulting in a 6% increase in shares during after-hours trading. The company's CEO highlighted the benefits of the current market uncertainty, particularly around potential TikTok regulations, which have led advertisers to diversify their spending. Snap's strategies include boosting its Snapchat+ subscription and enhancing its ad tools, contributing to a 14% revenue increase to $1.56 billion in the quarter.
Source: YAHOO