Snap's Q1 earnings beat fueled by ad tech revamp: Analyst

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Telecom Scott Kessler Berita

Snap

Snap Inc. (SNAP) delivered a strong performance in the first quarter, surpassing earnings estimates on both the top and bottom lines. The company reported...

surpassing earnings estimates on both the top and bottom lines. The company reported adjusted earnings of $0.03 per share, beating analyst expectations of a $0.05 per share loss. Additionally, Snap's revenue came in at $1.19 billion, topping the $1.12 billion estimate.

Kessler characterizes Snap's first quarter as"a rollercoaster," acknowledging that while the stock is up,"there's been a lot of volatility" to the downside. He attributes the company's success to its focus on"rearchitecting their advertising technology infrastructure," enabling them to effectively monetize e-commerce opportunities.

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