Earnings

Snap Q4 2023 earnings report

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Snap Inc. co-founder and CEO Evan Spiegel speaks during the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, June 17, 2022.

Benoit Tessier | Reuters

Snap on Tuesday reported revenue that trailed analysts’ estimates and issued a forecast that came in a bit below Wall Street expectations. The stock plunged 30% in extended trading.

Here’s how the company did:

  • Earnings per share: 8 cents adjusted vs. 6 cents expected by analysts, according to LSEG, formerly known as Refinitiv
  • Revenue: $1.36 billion vs. $1.38 billion expected, according to LSEG
  • Global daily active users: 414 million vs. 412 million expected, according to…



Source cnbc.com

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