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. reports developments tied to Snapchat, its visual messaging app, and to adjacent digital products including Bitmoji, Saturn, and Specs. Company news commonly covers advertising revenue, daily user trends, product and ad-format updates, augmented reality features, and the development of Specs through its wholly owned subsidiary, Specs Inc.
Recurring updates also include quarterly financial results, investor communications, strategic technology collaborations, stock repurchase authorizations, board appointments, and governance-related shareholder activity. The company’s news flow reflects its advertising-supported social platform, investments in augmented reality and intelligent eyewear, and capital allocation decisions for its Class A common stock.
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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