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Snap Jumped Over 55% in Premarket Trading after Achieving Positive Free Cash Flow for the Year an Important Milestone

Tiger Newspress2022-02-04

Snap jumped over 55% in premarket trading after achieving positive free cash flow for the year an important milestone.

Snap reported quarterly revenue of $1.3 billion, which beat the $1.2 billion estimate. The company reported quarterly adjusted earnings of 22 cents per share, which more than doubled the estimate of 10 cents per share.

Global daily active users totaled 319 million in the fourth quarter, representing a 20% year-over-year increase. Snap highlighted that year-over-year growth in DAUs has been 20% or more for five consecutive quarters now.

Average revenue per user reached $4.06 during the quarter, up from $3.44 in the fourth quarter of 2020.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment26

  • tig2021
    ·2022-02-04
    Ok
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  • Goupppppppp
    ·2022-02-04
    Noted.
    Reply
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  • CIG
    ·2022-02-04
    Usually it will come down under gravity.
    Reply
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  • 来人
    ·2022-02-04
    Nice. Keep moving up 😊
    Reply
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  • Sapi
    ·2022-02-04
    The roller-coaster ride begins Let's see what happens next week 
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    Fold Replies
    • tig2021
      ok
      2022-02-04
      Reply
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    • KLHuat
      Today might experience it. Trade safe
      2022-02-04
      Reply
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    • Kel9670ong
      let see how it perform when the market start trading
      2022-02-04
      Reply
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  • Onlyme
    ·2022-02-04
    Plz like
    Reply
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    • JeremyKok
      hi. please like and comment back. thank you.
      2022-02-06
      Reply
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    • 来人
      Done
      2022-02-04
      Reply
      Report
  • Trader14
    ·2022-02-04
    Jump 🐸
    Reply
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  • Jaden994
    ·2022-02-04
    Pls like
    Reply
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    Fold Replies
    • JeremyKok
      hi. please like and comment back. thank you.
      2022-02-06
      Reply
      Report
  • Singman
    ·2022-02-04
    pls like
    Reply
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    • JeremyKok
      hi. please like and comment back. thank you.
      2022-02-06
      Reply
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  • Tombolofish
    ·2022-02-04
    Short it for quick profit. The jump is reduced from 55% to 45% in just 30 mins
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  • Zarkness
    ·2022-02-04
    Jumping Jack !!
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  • Shirley Soh
    ·2022-02-04
    Good
    Reply
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  • ValuInvestor
    ·2022-02-04
    Great!
    Reply
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  • MuppyKoh
    ·2022-02-04
    Please like
    Reply
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    • JeremyKok
      hi. please like and comment back. thank you.
      2022-02-06
      Reply
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  • Swoosh
    ·2022-02-04
    Consider taking profit fast. 
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  • NgaBNN86
    ·2022-02-04
    Well done, my strangle option is flying [Cool] [Cool] [Cool] [Cool] 
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  • BoonHuat
    ·2022-02-04
    Nice.
    Reply
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  • tongfee
    ·2022-02-04
    Well done[666] [666] [666] 
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  • Soe Moe
    ·2022-02-04
    Good 
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  • AA23
    ·2022-02-04
    👍
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