From CNBC: 2025-02-04 16:19:22

Snap’s shares rose after exceeding fourth-quarter expectations with revenue of $1.56 billion and 453 million daily active users. The company reported a net income of $9.1 million and expects first-quarter revenue between $1.325 billion and $1.36 billion. Snap plans to invest in scaling its business and supporting those affected by recent events.

Snap also anticipates spending on AI-related investments, with daily active users for the first quarter expected to reach 459 million. The Snapchat+ service now has 14 million subscribers, contributing significantly to “other revenue.” Ajit Mohan will become chief business officer, bringing experience from Meta. Meta, Alphabet, Pinterest, and Reddit are among other tech companies reporting earnings.



Read more at CNBC:: Snap Q4 earnings report