Snap Stock

Snap Inc.'s stock snapped Thursday after the company disclosed slackening digital advertising and hinted at cost cutting while declining to provide a...

“Snap is also still reeling from the impact of Apple’s privacy changes, which have disproportionately impacted performance advertisers, creating a one-two punch to its entire ad business. “We also intend to recalibrate our investment levels to build a path to free cash flow break-even or better, even with reduced rates of revenue growth,” executives wrote. A letter to investors was much blunter: “The second quarter of 2022 proved more challenging than we expected… We are working to reaccelerate growth and take share, but we believe it will likely take some time before we see significant improvements,” the letter continued. Our revenue growth has substantially slowed, and we are evolving our business and strategy to adapt. Snap reported a second-quarter net loss of $422.1 million, or 26 cents a share, compared with a loss of $151.7 million, or 10 cents a share a year ago.

The Snap earnings report fell short while the Snapchat parent didn't offer guidance. Snap stock crashed. So did other social media firms.

Advertisers in a wide variety of industry groups have reported concerns related to the macro operating environment. Signs of advertising weakness emerged when Snap reported first-quarter results on April 21. The change has cost social media stocks billions in lost revenue. Analysts expected a per-share loss of 1 cent on revenue of $1.14 billion. Consumers got more privacy but advertisers lost out on valuable user-tracking data. The Snapchat parent also declined to give third-quarter guidance.

Snap, the owner of the socia media app Snapchart, isn't providing a forecast of its performance for the current quarter.

Analysts polled by FactSet were expecting a loss of 22 cents a share and revenue of $1.14 billion. Snap Snap

Shares of Snapchat's parent company tanked more than 25% in after-hours trading Thursday after it posted even worse sales growth results for the three months ...

However, the company noted in its shareholder letter that it expects daily active users in the third quarter to be around 360 million, which would mark around 18% year-over-year growth, a deceleration in growth from the prior-year quarter. "The second quarter of 2022 proved more challenging than we expected," the company said in the letter to investors. on Thursday, the company pointed to "a series of significant headwinds," including broader issues with the economy and "increasing competition for advertising dollars that are now growing more slowly."

Snap, Inc (NYSE: SNAP) is set to print its second-quarter financial results after the markets close on Thursday.

If the stock receives a bullish reaction to its earnings print, traders can watch to see if the stock rejects at the upper range of the gap. The Snap Chart: Snap was spiking up almost 5% higher on Thursday as it continued in its uptrend, which began on June 15. From a technical perspective, Snap looks set to trade higher due to several bullish signals that have developed on the stock’s chart. The gap exists between the $15.87 and $21.71 range and is about 90% likely to fill in the future. Ahead of the earnings print, a number of analysts have weighed in on Snap, with all the firms lowering their price targets. Snap’s daily active users for the quarter increased 18% year-over-year to 332 million.

Snap Inc (NYSE: SNAP) shares are trading higher by 3.64% to $16.08 during Thursday's trading session in anticipation of Thursday's second-quarter earnings ...

According to data from Benzinga Pro, Snap has a 52-week high of $83.34 and a 52-week low of $11.88. According to analyst consensus estimates, Snap is expected to report revenue of $1.14 billion on an EPS loss of 1 cent. Snap Inc SNAP shares are trading higher by 3.64% to $16.08 during Thursday's trading session in anticipation of Thursday's second-quarter earnings report.

By Clare Duffy, CNN Business. Snap's rough year continues. Shares of Snapchat's parent company tanked more than 25% in after-hours trading Thursday after it ...

“The second quarter of 2022 proved more challenging than we expected,” the company said in the letter to investors. Snapchat last month launched a subscription service called Snapchat+ that could represent a new revenue driver for the company. It added that thus far in the third quarter, revenue is approximately flat on a year-over-year basis. And daily active users grew 18% year-over-year to more than 347 million, a five percentage-point slowdown in growth rate from the year prior. Snap said Thursday it also plans to “substantially” slow its rate of hiring and operating expense growth by reprioritizing “goals and initiatives across the company.” The company’s board on Thursday authorized a share repurchase program of up to $500 million in Class A stock, which Snap said could help offset some dilution of it share price. In a letter to investors on Thursday, the company pointed to “a series of significant headwinds,” including broader issues with the economy and “increasing competition for advertising dollars that are now growing more slowly.” It also hinted at the impact of changes to the Apple app store’s tracking practices, which have upended much of the digital advertising world.

Snap shares plunged lower Friday after the messaging app maker posted its slowest revenue growth on record, while declining to offer near-term profit ...

The Snapchat messaging app maker posted a narrower-than-expected second quarter loss of 2 cents per share, but noted the revenues rose only 13% to $1.11 billion, a figure that missed Street forecasts. "The primary issue here is about how demand is materializing," he added. The warning trimmed hundreds of millions in value from social media stocks, including big tech giants Google ( GOOGL) - Get Alphabet Inc. Report and Meta Platforms ( META) - Get Meta Platforms Inc. Report, while reminding investors of the challenges that continue to face most companies over the second half of the year as supply chains remain tangled, input costs continue to surge and demand begin to wane. "And so we talked a little extensively about this already, but we've definitely seen the deceleration in demand with the platform changes, then all of the macro issues that have compounded on top of that, which are really a significant factor at this point, and then the competition play into it." "We face a number of very large and very sophisticated competitors (and) we're seeing the overall advertising pie grow at a slower rate amid the macro headwinds," CFO Derek Anderson told investors on a conference call late Thursday. "So as competition, whether it's with TikTok or any of the other very large, sophisticated players in this space, has only intensified and it's hard to disentangle the numerous factors here impacting what's clearly a headwind driving deceleration in our business." Snap Inc ( SNAP) - Get Snap Inc. Class A Report shares plunged lower Friday after the messaging app maker posted its slowest revenue growth on record, while declining to offer near-term profit guidance, as the messaging app maker took a big hit to its ad-based business.

Snap's revenue growth rate is decelerating. The stock's valuation may still be too pricey. Investors should demand better business performance from the ...

In addition, investors should hope for evidence of better capital-allocation skills from management in the future. Further, a $500 million repurchase program isn't a substantial portion of its market capitalization -- even after accounting for the stock's decline in after-hours trading. During the second quarter of 2022, its free cash flow was negative $147 million. Snap had initially guided for second-quarter revenue to increase about 18% year over year in Q2, but then the social media company said in late May that growth would miss this target. Snap's revenue grew 13% year over year in the second quarter of 2022. Year over year, top-line growth was 38% in the first quarter of 2022.

Snap's business should not be compared with other social media and ad tech companies. In this video, I will be going over Snap's (SNAP -36.82%) second- ...

The video was published on July 22, 2022. The likes of Pinterest, Alphabet, Meta Platforms, Roku, and The Trade Desk are all down after Snap's disastrous report as predicted in my last video. In this video, I will be going over Snap's ( SNAP -39.08%) second-quarter earnings report and explain why it should not be compared with other social media and ad tech companies.

Shares of Snap fell 35% on Friday, a day after the company reported disappointing second-quarter results.

It was hit with a slew of analyst downgrades following the latest earnings report. The company attributed its results to a challenging economy, slowing demand for its online ad platform, Apple's 2021 iOS update and competition from companies like TikTok. Shares of Snap are down 78% year-to-date.

Social media stocks including Meta and Twitter took a tumble after hours on Thursday after Snap reported disappointing financial results.

In a statement, Snap CEO Evan Spiegel acknowledged the challenging environment and indicated that the firm would “evolve” some of its business objectives, including heavier investments in direct-response advertising and alternative revenue sources. Snap’s global active user base grew to 347 million, beating consensus estimates and representing growth of 18% compared to the same period last year. Snap’s average revenue per user was flat at $3.20, far lower than its peak of $4.06 in the fourth quarter of last year.

Snap stock lost more than a third of its value after the Snapchat parent's earnings report. Here's where support and resistance could be.

Snap is a much better company now than it was then, but that doesn’t always matter to the market in the short term. On the downside, traders should watch $10. Instead, Snap stock opened at $11.10 and has been eroding lower since. Amid the rally, the shares moved up 25%, which sent them right into the 50-day and 10-week moving averages. That, of course, is no longer the case with today’s action. Twitter ( TWTR) - Get Twitter Inc. Report didn’t wow anyone either, although it has the whole Elon Musk saga dragging out and acting as a dominant talking point.

Shares of the Snapchat parent fall on weaker sales growth. Other social-media stocks tumble.