Snap Gains on Results Suggesting Ad Revamp Is Working

Bloomberg06:41

(Bloomberg) -- Snap Inc. reported third-quarter revenue that slightly topped analysts’ expectations, suggesting the overhaul of its advertising business is catching on with marketers. The shares rose ...

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The shares rose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/snap-gains-results-suggesting-ad-224136703.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Snap Gains on Results Suggesting Ad Revamp Is Working</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSnap Gains on Results Suggesting Ad Revamp Is Working\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-30 06:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/snap-gains-results-suggesting-ad-224136703.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Snap Inc. reported third-quarter revenue that slightly topped analysts’ expectations, suggesting the overhaul of its advertising business is catching on with marketers. The shares rose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/snap-gains-results-suggesting-ad-224136703.html\">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":"BK4077","symbol_name":"互动媒体与服务","start_time":0,"source_url":"https://finance.yahoo.com/news/snap-gains-results-suggesting-ad-224136703.html","article_id":"2479629393","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/bF.tCEXYdMTYqGu.xuoJMA--~B/aD0xMzM1O3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_technology_68/3d535530dbf438a1f7d1cc5dd2c11ab6"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479629393","pubTimestamp":1730241696,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" -- Snap Inc. reported third-quarter revenue that slightly topped analysts’ expectations, suggesting the overhaul of its advertising business is catching on with marketers. The shares rose in extended trading.Sales increased 15% to $1.37 billion in the period ended Sept. 30, Snap said Tuesday in a statement. Analysts, on average, estimated $1.36 billion, according to data compiled by Bloomberg. The social media company also eclipsed projections for user growth on the Snapchat app, bolstered by an increased focus on video content.Snap has revamped its advertising business over the last several years, focusing on direct response ads that prompt users to take a specific action, such as visiting a website or downloading an app. Historically, the company had targeted brand awareness ads, which are cheaper to build and operate but less lucrative.“Snap’s continued hard work to revamp its ad business to better serve performance-focused advertisers, particularly small and medium-sized businesse","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4077":"互动媒体与服务","BK4576":"AR","SNAP":"Snap Inc","BK4554":"元宇宙及AR概念","BK4551":"寇图资本持仓","BK4508":"社交媒体"},"translate_title":"结果表明广告改造正在发挥作用，Snap上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNAP":1},"content_text":"(Bloomberg) -- Snap Inc. reported third-quarter revenue that slightly topped analysts’ expectations, suggesting the overhaul of its advertising business is catching on with marketers. The shares rose in extended trading. \nSales increased 15% to $1.37 billion in the period ended Sept. 30, Snap said Tuesday in a statement. Analysts, on average, estimated $1.36 billion, according to data compiled by Bloomberg. The social media company also eclipsed projections for user growth on the Snapchat app, bolstered by an increased focus on video content.\nSnap has revamped its advertising business over the last several years, focusing on direct response ads that prompt users to take a specific action, such as visiting a website or downloading an app. Historically, the company had targeted brand awareness ads, which are cheaper to build and operate but less lucrative. \nThat pivot has shown signs of promise for Snap’s business, but the results have been inconsistent. Snap has fallen short of Wall Street’s revenue estimates in two of the past four quarters. \nThe shares gained about 9%, reversing an initial drop of as much as 13% after the results were released. The stock closed at $10.89 in New York and has plunged 36% this year.\nSnap projected holiday quarter sales will be $1.51 billion to $1.56 billion, compared with the average estimate of $1.56 billion. Snap cautioned that the pace of advertising from large clients wasn’t as brisk as typical for the period.\n“Upper funnel advertising from large enterprise clients has historically been an important component of demand in Q4, and this portion of the business has been underperforming our overall ads business in recent quarters,” the Santa Monica, California-based company said in a letter to shareholders. \nSnap said users spent 25% more time watching video content on its Snapchat app in the third quarter than the year prior, which in turn has lured advertisers to buy more ads on the site. The company reported Snapchat had 443 million daily active users in the third quarter, up 9% from one year ago and surpassing analysts’ expectations. \nSnap recently redesigned its app to highlight more video content for users from people they might not be connected to, and improved its algorithm for ranking posts, which has helped boost engagement. The company’s subscription product, called Snapchat+, has also lured users to spend more time on the site. The service, which includes access to an AI-powered chatbot, now has 12 million subscribers — more than double from a year earlier — and generates nearly $123 million in revenue, the company said.\n“Snap’s continued hard work to revamp its ad business to better serve performance-focused advertisers, particularly small and medium-sized businesses, and diversify its revenue streams through subscriptions is paying off,” said Jasmine Enberg, an analyst at EMarketer. “Investors should be pleased with Snap’s topline revenue and user growth figures, though the weaker guidance for Q4 suggests that brand advertising remains a significant headwind.”\nThe company based in Santa Monica, California, has been spending heavily on artificial intelligence and augmented reality technologies in order to better target ads, recommend video content, create digital image filters and build new products, including smart glasses. The company plans to spend nearly $1.5 billion this year on infrastructure services related to those technologies, Bloomberg earlier estimated.\nSnap reported a net loss of $153.2 million in the period ended Sept. 30, compared with a loss of $368.3 million a year earlier. Analysts, on average, projected a loss of $223.2 million. Snap also announced board approval for a $500 million share buyback program, though that program could be terminated at any time. The company’s previous buyback plan of as much as $500 million was authorized in October 2023.\n(Updates with Snapchat+ subscriber numbers in the ninth paragraph.)\n©2024 Bloomberg L.P.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479629393"}