Snap shares soar on better-than-expected profit and revenue
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Snap Inc. reported better-than-expected fourth-quarter results, with a 14% increase in revenue compared to the previous year. This led to a rise in Snap's stock during extended trading.
February 04, 2025 | 9:30 pm
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Snap Inc. reported a 14% increase in revenue for the fourth quarter, exceeding expectations and causing the stock to rise in extended trading.
The better-than-expected revenue growth of 14% indicates strong performance, leading to positive investor sentiment and a rise in Snap's stock price during extended trading.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100