Snap Obliterates Analyst Estimates

Snap (NYSE: SNAP) joined Twitter Thursday afternoon with results that blew past analyst estimates. Both companies also provided strong guidance. Digital advertising, it seems, is making quite the rebound.

Snap's results, however, were particularly impressive. The parent company of social network Snapchat saw triple-digit revenue growth, beating the consensus analyst estimate by 16%. But this growth rate was helped by an easy comparison in the year-ago period, when the pandemic caused marketers to reduce or even pause their ad spend.

Here's a closer look at some of the key takeaways from the quarter.

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Source Fool.com