Snap Stock Soars After Q4 EPS, Revenues Beat: Details

Snap Inc. SNAP reported its fourth-quarter financial results after Tuesday's closing bell. Here's a look at the details from the report.

The Details: Snap reported quarterly earnings of 16 cents per share, which beat the analyst consensus estimate of 14 cents. Quarterly revenue came in at $1.55 billion, which beat the analyst consensus estimate of $1.54 billion and is an increase over revenue of $1.36 billion from the same period last year.

Snapchat had 453 million daily active users in the fourth quarter, up 9% year-over-year. The company said more than one billion Snaps were shared publicly on Snapchat every month in the fourth quarter and the Snap Star program saw a 40% year-over-year increase in the number of creators posting content.

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“In 2024 we made significant progress on our core priorities of growing our community and improving depth of engagement, driving top-line revenue growth and diversifying our revenue sources, while building toward our long-term vision for augmented reality,” said Evan Spiegel, Snap CEO.

“Active advertisers more than doubled in Q4, with the improvements we have made to our advertising platform driving improved advertiser performance and helping to grow revenue 14% year-over-year,” Spiegel added.

SNAP Price Action: According to data from Benzinga Pro, Snap shares are up 12.16% after-hours at $13.01 after gaining 3.85% in regular trading Tuesday.  

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