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flag Snap Inc. reported a 14% revenue jump to $1.55B, adding 10M users, yet its stock dropped amid higher costs.

flag Snap Inc. reported strong Q4 2024 earnings, beating estimates with a 14% revenue increase to $1.55 billion. flag The company added 10 million daily active users, reaching 453 million, and saw Snapchat+ subscriptions double to 14 million. flag Despite financial growth, Snap's stock fell due to higher costs and uncertain growth. flag TikTok's uncertain future in the U.S. also benefited Snapchat's business, with a surge in user engagement. flag Snap appointed Ajit Mohan as Chief Business Officer to drive global advertising growth.

3 months ago
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