From Yahoo Finance: 2025-03-22 18:45:00

Snap (NYSE: SNAP) shares have dropped 18% since January due to the recent stock market sell-off. Despite this, the company ended 2024 with strong momentum and has promising long-term prospects. In Q4, Snap’s revenue was $1.6 billion, up 14% year over year, with a net income of $9 million. The company’s daily active users (DAUs) increased by 9% to 453 million. Snap is also diversifying its revenue sources with Snapchat+ subscriptions, which grew 131% in 2024. Additionally, Snap is investing in augmented reality (AR) features to drive engagement and improve profitability. This presents a good opportunity for long-term investors.



Read more at Yahoo Finance: 1 Stock Down 18% to Buy and Hold for 10 Years