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Snap Inc. reports Q1 revenue up 14% to $1.36B, but shares fall as company skips Q2 guidance.
Snap Inc. reported a 14% increase in Q1 revenue to $1.36 billion, surpassing analysts' expectations, and saw a 9% rise in daily active users to 460 million.
Despite the growth, Snap declined to provide Q2 financial guidance due to economic uncertainties, leading to a drop in its share price.
The company attributed its revenue growth to increases in direct-response advertising and Snapchat+ subscriptions.
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Snap Inc. informa que los ingresos del primer trimestre aumentaron un 14% a $ 1.36B, pero las acciones caen a medida que la compañía se salta la guía para el segundo trimestre.