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Snap's ad business defied coronavirus fears in Q1 and its stock is popping - Business Insider

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Snap's ad business defied coronavirus fears in Q1 and its stock is popping

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Snap grew its revenue by 44% in the first three months of the year, beating Wall Street targets as its advertising business showed surprising strength amid the coronavirus pandemic.

Snap's stock jumped 18% after releasing its results for Q1 2020. Snap, the parent company of Snapchat, generated $462 million in revenue in Q1, beating analysts' expectations of $421 million.This story is developing...

 

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