Snap Revenue Diversification Pays Off
(NYSE:SNAP), the multimedia messaging platform company behind Snapchat, reported its earnings for the fourth quarter of 2024 on February 4, 2025.
The company surpassed analyst expectations with a 14% year-over-year increase in revenue to $1.557 billion, beating the projected $1.547 billion. Its Non-GAAP Earnings Per Share (EPS) showed a remarkable improvement, achieving $0.16, compared to an expected loss of $0.04 per share.
The quarter was notable for strong financial performance, underpinned by revenue diversification and engagement growth, despite facing a competitive industry landscape.
Source Fool.com
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