Even though it faced the same tough challenges as Facebook when it comes to Apple's ATT feature, Snapchat parent Snap reported its first quarterly profit in history.
For the fourth quarter of 2021 Snap had revenue of $1.3 billion, up 42% year-over-year. Net income for the three-month period hit $23 million, the first time that the company was in the black during any quarter.
During regular trading hours on Thursday, Snap shares declined $7.57 or 23.60% to $24.50. Most investors figured that Snap would be making a similar grim announcement about Apple's ATT as Facebook did. Instead, after the earnings report was released, Snap soared $14.50 or 59.18% to $39. That is still far off the 52 week high above $83.
in total ad revenue which includes Search , and YouTube . Microsoft foreshadowed its upcoming earnings report when it said that the ad market is strong for LinkedIn ads, and for ads on its Bing search engine.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Snap Stock Skyrockets Nearly 60% With First Quarterly Profit EverWall Street had expected the company to continue losing money.
Les mer »
Snap Posts First Profit as It Adjusts to Apple Privacy PushThe developer of the Snapchat app signaled it is adjusting to disruptions in the digital-advertising market caused by Apple’s privacy changes, and its shares rallied after hours.
Les mer »
Snap recovers from Apple privacy changes, shares surge 50%Snapchat's parent company said its advertising business bounced back from the effects of Apple's privacy changes faster than it expected, and shares of the company skyrocketed 50% as it provided a first-quarter outlook that surpassed analyst estimates.
Les mer »
Googlebox's Izzi Warner shares rare snap of lookalike daughter,2, on birthdayGooglebox's Izzi Warner celebrated her daughter's second birthday. The star shared a series of sweet photos of Bessie and says how much she makes her laugh.
Les mer »
Pre-Snap Reads 2/2: Brian Flores files discrimination lawsuit against the NFLRead!
Les mer »
Thunder vs. Mavericks prediction: Snap up the UnderThere is a low number for the total in the Mavericks-Thunder game Wednesday because Dallas is without Kristaps Porzingis.
Les mer »