Snap Sees Q2 Revenues $1.225B-$1.255B vs $1.14B Est.
Portfolio Pulse from Benzinga Newsdesk
Snap Inc. projects Q2 revenues to be between $1.225B and $1.255B, surpassing the estimated $1.14B. The company anticipates DAU to reach 431 million in Q2, aiming for 15% to 18% year-over-year revenue growth. Adjusted EBITDA is expected to be between $15M and $45M, reflecting Snap's investment plans and efforts to enhance its DR advertising platform for better advertiser outcomes.
April 25, 2024 | 8:12 pm
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Snap Inc. anticipates Q2 revenues between $1.225B-$1.255B, exceeding estimates, with DAU expected at 431M and Adjusted EBITDA between $15M-$45M.
Snap Inc.'s projection of higher-than-expected Q2 revenues and significant year-over-year growth, along with an anticipated increase in DAU, suggests a positive outlook for the company. The expected growth in revenues and the strategic focus on enhancing the DR advertising platform indicate potential for improved financial performance and advertiser satisfaction. These factors are likely to positively influence investor sentiment and could lead to an uptick in SNAP's stock price in the short term.
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