From Financial Modeling Prep: 2025-02-05 08:27:00

Snap Inc. (NYSE:SNAP) stock rose over 1% in pre-market trading after beating earnings expectations and issuing a positive forecast, driven by a rebound in digital advertising. Earnings per share were $0.16, exceeding the expected $0.04 loss, with revenue hitting $1.56 billion, slightly above estimates.

The surge in advertiser activity led to a 14% year-over-year revenue increase, with daily active users reaching 453 million. Snap projects DAUs to grow to 459 million in Q1, expecting revenue between $1.325 billion and $1.360 billion for the quarter.

Snap is confident in its recovery, highlighting strong user engagement and planning to expand its workforce by 8% to 10% by 2025. With digital ad spending stabilizing, Snap is on track for sustainable growth.



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