Secondly and more pertinent to this stock analysis article, Snapchat is a mobile social media app that lets users make stories (composed of photos or videos), send pictures or videos to their connections or close friends and also allows users to track where their friends are through the app.Īnd, of course, one can’t forget about the filters. However, the way the founding team at MacroHint sees Snap is as the de facto holding company in charge of one of the most well used social media applications in the world, Snapchat.įor those who are unfamiliar with Snapchat, first of all, congratulations and please don’t download the app, as you will waste precious hours of your life on the platform (come on, it’s just our opinion based on our previous experience with Snapchat). We think that is accurate for the most part. TD Ameritrade’s platform says that Snap is a camera company.

As a result, shares of SNAP stock are down 12.1% on Wednesday morning.This article is proudly sponsored by Lake Region State College! About Snap Investors aren’t happy about Snap’s mixed earnings report today. The company says operating activities are keeping it from providing revenue or adjusted EBITDA guidance for Q1 2023. Making matters worse, Snap didn’t providing guidance in its latest earnings report. “We continue to face significant headwinds as we look to accelerate revenue growth, and we are making progress driving improved return on investment for advertisers and innovating to deepen the engagement of our community.” Snap’s Earnings Outlook

Also, it’s roughly the same as Q4 2021.Įvan Spiegel, CEO of Snap, said the following in the earnings report: This came in below the $1.31 billion that analysts were expecting for the period. Unfortunately, investors in SNAP stock aren’t excited about the company’s Q4 revenue of $1.3 billion. However, it represents a 38% decrease from the 22 cents per share reported in the same period last year. That’s better than the 12 cents per share Wall Street was expecting for the quarter.

The Snap earnings report starts with adjusted earnings per share of 14 cents. Snap (NYSE: SNAP) stock is on the move Wednesday as investors react to the company’s earnings report for the fourth quarter of 2022.

Snap nyse