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) drives innovation in visual communication through its flagship Snapchat platform and augmented reality solutions. This hub provides investors and industry observers with timely updates on corporate developments, financial performance, and technological advancements shaping the social media landscape.
Access official press releases alongside curated analysis of product launches, advertising partnerships, and strategic initiatives. Our coverage spans earnings reports, AR innovation milestones, and platform safety enhancements critical for evaluating Snap's market position.
Key focus areas include augmented reality developments, advertising ecosystem updates, and user growth metrics. Track Snap's collaborations with brand safety partners and creator economy expansions through verified sources.
Bookmark this page for consolidated access to Snap's evolving story. Check regularly for new filings, executive commentary, and technology patents that inform long-term investment perspectives.
Snap Inc. (SNAP) reported strong Q4 2024 financial results with revenue increasing 14% year-over-year to $1.557 billion. The company achieved notable growth with Daily Active Users (DAUs) rising 9% to 453 million. Q4 marked a significant turnaround with net income of $9 million, compared to a net loss of $248 million in the prior year.
Annual revenue for 2024 grew 16% to $5.361 billion, while net loss improved to $698 million from $1.322 billion in 2023. Other Revenue, primarily from Snapchat+ subscriptions, showed impressive growth of 131% year-over-year, reaching an annualized revenue run rate exceeding $500 million. The company's advertising platform improvements led to active advertisers more than doubling in Q4, while Adjusted EBITDA increased 73% to $276 million.
Snap Inc. (NYSE: SNAP) has announced its upcoming quarterly conference call to discuss fourth quarter and full year 2024 financial results. The call is scheduled for Tuesday, February 4, 2025, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Investors and interested parties can access the live webcast and replay of the conference call through Snap's Investor Relations website, where it will remain available for at least 90 days.
Snap Inc. reported strong Q3 2024 financial results with revenue increasing 15% year-over-year to $1,373 million. Daily Active Users grew 9% to 443 million, while net loss improved 58% to $153 million. The company announced a $500 million stock repurchase program and achieved significant improvements in Adjusted EBITDA, which increased 229% to $132 million. Snapchat+ reached 12 million subscribers, more than doubling year-over-year, while total active advertisers more than doubled. The company also introduced new AI features and AR capabilities, including the fifth generation of Spectacles.
Zefr has announced a partnership with Snap Inc. (NYSE: SNAP) to launch a new Brand Safety and Suitability Measurement solution for Snapchat. The solution provides advertisers with independent, third-party verification of content adjacencies through Zefr's patented AI and machine learning technology. Through Zefr's Atrium dashboard, brands can access detailed reporting mapped to twelve suitability categories, ensuring their ads appear in suitable environments. The post-bid measurement product analyzes video, audio, and text content across Snap's key ad inventory sources, including Spotlight.
Snap Inc. (NYSE: SNAP) has announced the date for its third quarter 2024 financial results conference call. The call is scheduled for Tuesday, October 29, 2024, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Investors and interested parties can access a live webcast of the conference call through Snap Inc.'s Investor Relations website. For those unable to attend the live event, a replay of the call will be available on the same website for at least 90 days following the presentation. This announcement provides shareholders and analysts with the opportunity to prepare for the upcoming financial disclosure and engage with Snap Inc.'s management team regarding the company's performance in Q3 2024.
Snap Inc. (NYSE: SNAP) has announced the appointment of Jim Lanzone, CEO of Yahoo Inc., to its board of directors, effective September 12, 2024. Lanzone brings extensive experience in technology and digital advertising, which Snap's leadership views as valuable for the company's growth. Evan Spiegel, Snap's co-founder and CEO, and Michael Lynton, Chairperson of the board, expressed enthusiasm about Lanzone's addition to the team.
Lanzone has been Yahoo's CEO since September 2021 and previously held leadership roles at Tinder and CBS Interactive. His background includes serving on the boards of GoPro, Inc. and Edmunds.com. Lanzone holds a bachelor's degree from UCLA and a JD/MBA from Emory University.
Snap Inc. (NYSE: SNAP) reported Q2 2024 financial results with revenue increasing 16% year-over-year to $1,237 million. Daily Active Users (DAUs) grew 9% to 432 million, while Monthly Active Users (MAUs) surpassed 850 million. The company's net loss improved 34% to $249 million, and Adjusted EBITDA turned positive at $55 million, a 243% improvement. Snapchat+ reached 11 million subscribers, and active advertisers more than doubled year-over-year. For Q3 2024, Snap anticipates DAUs to reach 441 million and projects revenue between $1,335 million and $1,375 million, implying 12-16% year-over-year growth. The company expects Adjusted EBITDA for Q3 to be between $70 million and $100 million.
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.
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.
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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