From Financial Modeling Prep: 2025-05-02 11:06:00

Snap Inc (NYSE:SNAP) received a “Sector Perform” rating from RBC Capital, trading at $7.83. Despite a 15% stock drop due to withheld guidance, Snap reported a 14% revenue increase in Q1, reaching $1.36 billion. Net loss reduced to $140 million from $305 million, with daily active users rising to 460 million. CEO Evan Spiegel credits success to improved advertising solutions and Snapchat+ growth. Stock price now at $8.30, up 6.00%. Market cap at $14.08 billion.



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