"Snap Q1 2024 Results Exceed Expectations: Shares Spike by 25% with Strong Revenue Growth to $1.19 billion, Aided by Spike in Advertising Revenue and Global Daily Active Users"

Snap shares soar 25% as company beats on earnings, shows strong revenue growth

Snap reported first-quarter results on Thursday that beat analysts' estimates and showed a return to double-digit revenue growth. Shares soared more than 25% in extended trading. Here's how the company did: Earnings per share: 3 cents adjusted vs. a loss of 5 cents expected by LSEGRevenue: $1.19 billion vs. $1.12 billion expected by LSEGGlobal daily active users: 422 million vs. 420 million expected, according to StreetAccountAverage revenue per user: $2.83 vs. $2.67 expected, according to Stre...