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Snap Inc. - SNAP STOCK NEWS

Welcome to our dedicated page for Snap news (Ticker: SNAP), a resource for investors and traders seeking the latest updates and insights on Snap stock.

Snap Inc. (NYSE: SNAP) is a pioneering camera company at the forefront of technological innovation and social connectivity. At Snap, the belief is that reinventing the camera offers the greatest opportunity to enhance how people live and communicate. The company's flagship product, Snapchat, is one of the most popular social networking apps globally, boasting over 400 million daily active users as of the end of 2023.

Snap Inc. generates nearly all of its revenue from advertising, with North America being its most lucrative market, accounting for around 65% of sales despite only a quarter of its user base residing there. This underscores Snap's stronghold in the digital advertising space and its capacity to attract advertisers with its extensive reach and engaged audience.

Beyond social networking, Snap Inc. has been actively involved in various innovative projects and partnerships aimed at improving user experience and ensuring safety. A notable recent achievement is the collaboration with Integral Ad Science (IAS), a leading global media measurement platform. Announced on March 26, 2024, this partnership is set to provide advertisers with heightened transparency and brand safety for their Snapchat campaigns through IAS's AI-driven Total Media Quality (TMQ) Brand Safety and Suitability Measurement product.

The partnership aligns with Global Alliance for Responsible Media (GARM) standards and aims to give advertisers third-party validation and trusted metrics. Patrick Harris, President of Americas at Snap, emphasized Snap's commitment to building a safe content ecosystem. This collaboration with IAS, which has been ongoing since 2018, further strengthens Snap’s resolve to offer a reliable and secure platform for advertisers.

Snap Inc. continues to explore and develop new avenues to enhance its products and services, contributing to human progress by empowering people to express themselves, live in the moment, and learn about the world. For more information about the company and its career opportunities, visit Snap Careers.

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Snap Inc. (NYSE: SNAP) has scheduled its quarterly conference call to discuss second quarter 2024 financial results for Thursday, August 1, 2024, at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time).

The call will be available via live webcast and replay on Snap Inc.'s Investor Relations website for at least 90 days.

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Snap Inc. announced the pricing of $650 million convertible senior notes due 2030 in a private placement to qualified institutional buyers. Snap also granted the initial purchasers an option to purchase an additional $100 million. The notes will be general unsecured obligations, with 0.50% interest payable semiannually. Snap may redeem the notes after May 5, 2027, or upon certain conditions. The notes will have an initial conversion rate of 45.0846 shares per $1,000 principal amount, representing a premium of 32.5% to the closing price of Snap Class A common stock on May 8, 2024.

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Snap Inc. (NYSE: SNAP) announces a private offering of $650 million of convertible senior notes due 2030. The notes will be convertible at the option of the holders and Snap intends to use the proceeds for various corporate purposes. The offering may affect the trading price of Snap Class A common stock.

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Snap Inc. reported strong financial results for the first quarter of 2024, with a 21% increase in revenue year-over-year to $1,195 million. Daily Active Users (DAUs) also grew by 10% to 422 million. Despite a net loss of $305 million, Adjusted EBITDA improved to $46 million. The company focused on community engagement, revenue growth, and augmented reality investments.
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Snap Inc. (SNAP) will discuss its first quarter 2024 financial results in a quarterly conference call on April 25, 2024. The webcast and replay will be available on Snap Inc.'s Investor Relations website for 90 days.
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Snap Inc. (NYSE: SNAP) will host its 6th annual Snap Partner Summit at the Barker Hangar in Santa Monica on September 17, 2024, followed by the 7th annual Lens Fest on September 18 & 19. CEO Evan Spiegel expressed excitement to showcase new products and services to AR developers worldwide.
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Integral Ad Science (IAS) partners with Snap Inc. to enhance transparency and brand safety for advertisers on Snapchat. The collaboration aims to provide actionable data for marketers to maximize their investments and scale their businesses on the platform.
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Snap Inc. (NYSE: SNAP) has filed its Annual Report on Form 10-K for the year ended December 31, 2023, with the Securities and Exchange Commission. The report includes audited financial statements and is accessible at investor.snap.com and www.sec.gov. Stockholders can request a free printed copy by writing to Corporate Secretary, Snap Inc., Santa Monica, California.
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Snap Inc. (NYSE: SNAP) reported a 10% increase in daily active users to 414 million and a 5% increase in fourth-quarter revenue to $1,361 million. The company also experienced a net loss of $1,322 million in 2023. Despite this, they maintained positive adjusted EBITDA and operating cash flow for the third consecutive year. The company's focus on revenue growth, engagement with the community, and investment in augmented reality has led to significant developments and partnerships.
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Snap Inc. (NYSE: SNAP) will hold its quarterly conference call to discuss fourth quarter and full year 2023 financial results on Tuesday, February 6, 2024 at 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time). A live webcast and replay of the conference call will be accessible on Snap Inc.’s Investor Relations website for at least 90 days at: http://investor.snap.com.
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FAQ

What is Snap Inc.?

Snap Inc. is a camera company known for its flagship product, Snapchat, a leading social networking app with over 400 million daily active users.

How does Snap Inc. generate revenue?

Snap Inc. generates nearly all of its revenue through advertising, particularly focusing on markets in North America.

What recent partnership has Snap Inc. announced?

Snap Inc. recently partnered with Integral Ad Science (IAS) to enhance transparency and brand safety for Snapchat advertising campaigns.

What is the significance of the partnership with IAS?

The partnership with IAS provides advertisers with third-party validation and trusted metrics, improving brand safety and ad transparency on Snapchat.

How does Snap Inc. contribute to human progress?

Snap Inc. empowers people to express themselves, live in the moment, learn about the world, and have fun together through innovative camera technology.

Where can I find career opportunities at Snap Inc.?

Career opportunities at Snap Inc. can be found on their official careers website at careers.snap.com.

What percentage of Snap Inc.'s users are based in North America?

Approximately one quarter of Snap Inc.'s users are based in North America, which accounts for about 65% of the company's sales.

What is Snapchat?

Snapchat is a popular social networking app owned by Snap Inc., known for its innovative camera features and over 400 million daily active users.

What is the AI-driven TMQ Brand Safety and Suitability Measurement product?

The TMQ Brand Safety and Suitability Measurement product by IAS uses AI to provide accurate and transparent measurement of Snapchat ad campaigns.

How does Snap Inc. ensure a safe content ecosystem?

Snap Inc. ensures a safe content ecosystem by integrating safety into its platform's architecture and collaborating with partners like IAS for enhanced brand safety.

Snap Inc.

NYSE:SNAP

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SNAP Stock Data

22.36B
1.39B
24.72%
58.18%
3.2%
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