Welcome to our dedicated page for Snap news (Ticker: SNAP), a resource for investors and traders seeking the latest updates and insights on Snap stock.
Snap Inc. (NYSE: SNAP) is a pioneering camera company at the forefront of technological innovation and social connectivity. At Snap, the belief is that reinventing the camera offers the greatest opportunity to enhance how people live and communicate. The company's flagship product, Snapchat, is one of the most popular social networking apps globally, boasting over 400 million daily active users as of the end of 2023.
Snap Inc. generates nearly all of its revenue from advertising, with North America being its most lucrative market, accounting for around 65% of sales despite only a quarter of its user base residing there. This underscores Snap's stronghold in the digital advertising space and its capacity to attract advertisers with its extensive reach and engaged audience.
Beyond social networking, Snap Inc. has been actively involved in various innovative projects and partnerships aimed at improving user experience and ensuring safety. A notable recent achievement is the collaboration with Integral Ad Science (IAS), a leading global media measurement platform. Announced on March 26, 2024, this partnership is set to provide advertisers with heightened transparency and brand safety for their Snapchat campaigns through IAS's AI-driven Total Media Quality (TMQ) Brand Safety and Suitability Measurement product.
The partnership aligns with Global Alliance for Responsible Media (GARM) standards and aims to give advertisers third-party validation and trusted metrics. Patrick Harris, President of Americas at Snap, emphasized Snap's commitment to building a safe content ecosystem. This collaboration with IAS, which has been ongoing since 2018, further strengthens Snap’s resolve to offer a reliable and secure platform for advertisers.
Snap Inc. continues to explore and develop new avenues to enhance its products and services, contributing to human progress by empowering people to express themselves, live in the moment, and learn about the world. For more information about the company and its career opportunities, visit Snap Careers.
Later, a leading influencer marketing and social media management platform, has announced a groundbreaking partnership with Snap Inc. (NYSE: SNAP). The collaboration introduces two key integrations through Snapchat's APIs: creator profile discovery within Later's influencer marketing platform and automated content scheduling capabilities.
Later becomes the first platform to integrate both Snapchat's Public Profile API and Creator Discovery API. Marketers can now search for Snapchat creators by keyword, topic, and audience size, manage campaign collaborations, and streamline content scheduling across platforms. Creators gain access to Later's growth and monetization tools, including joining Later's creator network and managing brand collaborations.
With Snapchat's reported 850 million monthly active users globally, the partnership aims to expand with additional audience insights and reporting capabilities.
Snap Inc. (NYSE: SNAP) has announced the pricing of $1.5 billion in senior notes due 2033 with a 6.875% interest rate, payable semiannually starting September 1, 2025. The notes received ratings of B1 (Moody's), BB (Fitch), and B+ (S&P).
The company expects to generate approximately $1,475.0 million in net proceeds, which will be primarily used to repurchase existing convertible senior notes: $45.3 million of 2026 notes, $797.4 million of 2027 notes, and $800.0 million of 2028 notes, for a total repurchase price of $1,445.1 million. The remaining funds will be used for general corporate purposes.
The transaction may lead to increased trading activity in Snap's Class A common stock, as note holders might purchase shares or adjust their hedge positions in response to the repurchase.
Snap Inc. (NYSE: SNAP) has announced plans to offer $700 million in senior notes due 2033 through a private offering. The notes will be general and unsecured senior obligations, guaranteed by Snap's domestic subsidiaries. The company plans to use the proceeds, along with cash on hand, to repurchase portions of its outstanding convertible senior notes due 2025, 2026, 2027, and/or 2028.
The offering is expected to impact Snap's stock price, as holders of repurchased notes may buy Class A common stock or adjust their derivative positions to unwind hedge positions. This could create upward pressure on Snap's stock price. Additionally, regarding the 2026 notes, Snap may terminate portions of existing capped call transactions, which could affect the stock price during the valuation period.
Snap Inc. (NYSE: SNAP) has submitted its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, to the Securities and Exchange Commission. The report contains the company's audited financial statements and can be accessed through investor.snap.com or www.sec.gov. Stockholders can obtain a free printed copy by submitting a written request to the Corporate Secretary at Snap's Santa Monica headquarters.
Snap Inc. (SNAP) reported strong Q4 2024 financial results with revenue increasing 14% year-over-year to $1.557 billion. The company achieved notable growth with Daily Active Users (DAUs) rising 9% to 453 million. Q4 marked a significant turnaround with net income of $9 million, compared to a net loss of $248 million in the prior year.
Annual revenue for 2024 grew 16% to $5.361 billion, while net loss improved to $698 million from $1.322 billion in 2023. Other Revenue, primarily from Snapchat+ subscriptions, showed impressive growth of 131% year-over-year, reaching an annualized revenue run rate exceeding $500 million. The company's advertising platform improvements led to active advertisers more than doubling in Q4, while Adjusted EBITDA increased 73% to $276 million.
Snap Inc. (NYSE: SNAP) has announced its upcoming quarterly conference call to discuss fourth quarter and full year 2024 financial results. The call is scheduled for Tuesday, February 4, 2025, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Investors and interested parties can access the live webcast and replay of the conference call through Snap's Investor Relations website, where it will remain available for at least 90 days.
Snap Inc. reported strong Q3 2024 financial results with revenue increasing 15% year-over-year to $1,373 million. Daily Active Users grew 9% to 443 million, while net loss improved 58% to $153 million. The company announced a $500 million stock repurchase program and achieved significant improvements in Adjusted EBITDA, which increased 229% to $132 million. Snapchat+ reached 12 million subscribers, more than doubling year-over-year, while total active advertisers more than doubled. The company also introduced new AI features and AR capabilities, including the fifth generation of Spectacles.
Zefr has announced a partnership with Snap Inc. (NYSE: SNAP) to launch a new Brand Safety and Suitability Measurement solution for Snapchat. The solution provides advertisers with independent, third-party verification of content adjacencies through Zefr's patented AI and machine learning technology. Through Zefr's Atrium dashboard, brands can access detailed reporting mapped to twelve suitability categories, ensuring their ads appear in suitable environments. The post-bid measurement product analyzes video, audio, and text content across Snap's key ad inventory sources, including Spotlight.
Snap Inc. (NYSE: SNAP) has announced the date for its third quarter 2024 financial results conference call. The call is scheduled for Tuesday, October 29, 2024, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Investors and interested parties can access a live webcast of the conference call through Snap Inc.'s Investor Relations website. For those unable to attend the live event, a replay of the call will be available on the same website for at least 90 days following the presentation. This announcement provides shareholders and analysts with the opportunity to prepare for the upcoming financial disclosure and engage with Snap Inc.'s management team regarding the company's performance in Q3 2024.
Snap Inc. (NYSE: SNAP) has announced the appointment of Jim Lanzone, CEO of Yahoo Inc., to its board of directors, effective September 12, 2024. Lanzone brings extensive experience in technology and digital advertising, which Snap's leadership views as valuable for the company's growth. Evan Spiegel, Snap's co-founder and CEO, and Michael Lynton, Chairperson of the board, expressed enthusiasm about Lanzone's addition to the team.
Lanzone has been Yahoo's CEO since September 2021 and previously held leadership roles at Tinder and CBS Interactive. His background includes serving on the boards of GoPro, Inc. and Edmunds.com. Lanzone holds a bachelor's degree from UCLA and a JD/MBA from Emory University.
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