Snap Shares Fall 14% as Co. Swings to Loss in 4Q

Dow Jones2023-02-01

Shares of Snap Inc. dived over 14% to $9.92 in Tuesday's after-hours session after the Snapchat app owner posted a fourth-quarter loss of $288.5 million.

Evan Spiegel, the company's chief executive, said "we continue to face significant headwinds as we look to accelerate revenue growth, and we are making progress driving improved return on investment for advertisers and innovating to deepen the engagement of our community."

The company said it wouldn't provide expectations for first-quarter revenue of adjusted EBITDA, "given uncertainties related to the operating environment."

After the bell, Snap reported a fourth-quarter loss per share of 18 cents on revenue of $1.3 billion. The loss included restructuring charges of $34 million, Snap said.

On an adjusted basis, the company reported fourth-quarter earnings per share of 14 cents.

In the year-ago period, the company reported EPS of 1 cent on revenue of $1.29 billion. On an adjusted basis, Snap reported EPS of 22 cents.

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Comments

T202311701
2023-02-01
T202311701
O
breAkdaWn
2023-02-01
breAkdaWn
Its time for Twitter.
- 財運到財源滾滾到:
  👏👏
runningjames
2023-02-01
runningjames
Dip again.. over 20% as previously?

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Swings to Loss in 4Q","media":"Dow Jones","content":"<html><head></head><body><p>Shares of <a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a>. dived over 14% to $9.92 in Tuesday&#39;s after-hours session after the Snapchat app owner posted a fourth-quarter loss of $288.5 million.</p><p><img src=\"https://static.tigerbbs.com/68b05b67e38262a3df6ae7ff6c9120b4\" tg-width=\"867\" tg-height=\"841\" width=\"100%\" height=\"auto\"/></p><p>Evan Spiegel, the company&#39;s chief executive, said &#34;we continue to face significant headwinds as we look to accelerate revenue growth, and we are making progress driving improved return on investment for advertisers and innovating to deepen the engagement of our community.&#34;</p><p>The company said it wouldn&#39;t provide expectations for first-quarter revenue of adjusted EBITDA, &#34;given uncertainties related to the operating environment.&#34;</p><p>After the bell, Snap reported a fourth-quarter loss per share of 18 cents on revenue of $1.3 billion. 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Swings to Loss in 4Q\n</h2>\n\n<h4 class=\"meta\">\n\n2023-02-01 06:28 北京时间&nbsp;&nbsp;&nbsp;<strong>Dow Jones</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Snap Inc. dived over 14% to $9.92 in Tuesday's after-hours session after the Snapchat app owner posted a fourth-quarter loss of $288.5 million.Evan Spiegel, the company's chief executive, ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4554","symbol_name":"元宇宙及AR概念","start_time":0,"source_url":"","article_id":"2308245722","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2308245722","pubTimestamp":1675204080,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Snap Inc. dived over 14% to $9.92 in Tuesday's after-hours session after the Snapchat app ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4551":"寇图资本持仓","BK4508":"社交媒体","BK4077":"互动媒体与服务","BK4576":"AR"},"translate_title":"Snap股价下跌14%，该公司在4Q出现亏损","themeId":"768868217a8a42b8834d60b34fc824ad","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Shares of Snap Inc. dived over 14% to $9.92 in Tuesday's after-hours session after the Snapchat app owner posted a fourth-quarter loss of $288.5 million.Evan Spiegel, the company's chief executive, said \"we continue to face significant headwinds as we look to accelerate revenue growth, and we are making progress driving improved return on investment for advertisers and innovating to deepen the engagement of our community.\"The company said it wouldn't provide expectations for first-quarter revenue of adjusted EBITDA, \"given uncertainties related to the operating environment.\"After the bell, Snap reported a fourth-quarter loss per share of 18 cents on revenue of $1.3 billion. 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