Snap is about to report its first quarterly earnings as a public company
Aug 25, 2024, 19:18 IST
Snapchat maker Snap Inc. is set to report its first quarterly earnings as a public company on Wednesday after markets close.
Wall Street expects Snap to report a net loss of $0.16 per share and revenue of $159 million, up from $39 million in the year-ago period.
Investors are eager to see if the company can grow its ad business and user base in the face of fierce rivals like Facebook. And they'll be looking for evidence that there's enough room for Snap to grow and monetize its youthful user base that's concentrated in highly developed countries.
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Here are the key expected numbers for Snap's Q1 earnings:
- EPS (adjusted): Net loss of $0.16.
- Revenue: $159 million, up from $39 million in the year-ago period.
This story is developing. Check back for updates.
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