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.
Snap Inc. (NYSE: SNAP) reported Q1 2021 revenue of $770 million, a 66% increase year-over-year. Although the net loss was reduced to $(287) million from $(306) million, the company achieved its first positive Free Cash Flow of $126 million. Daily Active Users (DAUs) rose by 22% to 280 million. Significant product innovations were highlighted, including over 125 million users engaging with Spotlight. However, operating loss remained a concern at $(304) million. Snap's focus on expanding content offerings and augmented reality capabilities continues to drive user engagement.
Snap Inc. collaborates with the Los Angeles County Museum of Art (LACMA) to unveil Monumental Perspectives, a multi-year initiative featuring augmented reality monuments celebrating Los Angeles' diverse histories. The project introduces five immersive artworks accessible via Snapchat, including contributions from artists like Mercedes Dorame and I.R. Bach. These virtual installations can be experienced at various locations in Los Angeles and online at lacma.org/monumental. Supported by the Mellon Foundation, this initiative aims to transform public commemorative spaces.
Snap Inc. (NYSE: SNAP) will host its quarterly conference call on April 22, 2021, at 2:00 p.m. PT to discuss the first quarter 2021 financial results. Investors can access a live webcast and subsequent replay on Snap Inc.’s Investor Relations website for at least 90 days. Snap Inc. focuses on reinventing the camera, aiming to enhance how people live, communicate, and express themselves.
Snap Inc. (NYSE: SNAP) announced that Co-Founder and CEO Evan Spiegel will speak at the Morgan Stanley Technology, Media & Telecom Virtual Conference on March 3, 2021, at 11:00 a.m. Pacific Time. This session will focus on Snap's vision of reinventing the camera to enhance communication and expression. Investors can access a live webcast and replay on Snap's Investor Relations website for 90 days. For more details, visit investor.snap.com.
Snap Inc. (NYSE: SNAP) will host its Snap Partner Summit virtually on May 20, 2021. The event will feature a keynote by co-founders Evan Spiegel and Bobby Murphy, alongside other company leaders. Key announcements will focus on new products, features, and partnerships related to Snap's augmented reality and platforms aimed at creators and developers. The event starts at 9:45 a.m. PT, with the keynote at 10:00 a.m. PT. A replay will be available for 90 days on Snap's Investor Relations site and YouTube channel.
Snap Inc. (NYSE: SNAP) has filed its Annual Report on Form 10-K for the year ending December 31, 2020, with the SEC. This report includes the company's audited financial statements and is available for public access at investor.snap.com and www.sec.gov. Shareholders can request a printed copy by writing to the Corporate Secretary at Snap Inc.'s Santa Monica, California office. Snap Inc. aims to reinvent the camera to enhance communication and human progress.
Snap Inc. reported its Q4 2020 financial results showing a 62% revenue growth to $911 million year-over-year. Operating cash flow improved by $14 million to $(53) million, while free cash flow decreased by 9% to $(69) million. Net loss narrowed to $(113) million, down 53% from the previous year. Daily active users (DAUs) rose to 265 million, an increase of 22%. The company achieved its first full year of Adjusted EBITDA profitability and is optimistic about future investments in augmented reality and content.
Snap Inc. (NYSE: SNAP) is set to hold its quarterly conference call to review its fourth quarter and full-year 2020 financial results on February 4, 2021, at 2:00 p.m. PT (5:00 p.m. ET). Additionally, a virtual Investor Day for financial analysts and institutional investors will take place on February 23, 2021, starting at 9:00 a.m. PT (12:00 p.m. ET). The conference call and Investor Day will be accessible via webcast on Snap Inc’s Investor Relations website for 90 days.
Snap Inc. (NYSE: SNAP) has announced the appointment of Liz Jenkins, Chief Financial Officer of Hello Sunshine, to its board of directors effective December 10, 2020. Jenkins, who has extensive experience in finance, strategy, and operations, will also serve on the audit committee. CEO Evan Spiegel and Chairman Michael Lynton expressed confidence that Jenkins' expertise will greatly benefit the company, especially during this pivotal time. Jenkins holds an MBA from The Wharton School and a BA in Economics from Stanford University.
Snap Inc. (NYSE: SNAP) has launched Spotlight, a new content platform within Snapchat that highlights user-generated Snaps. Spotlight curates entertaining Snaps tailored to individual preferences, rewarding top creators with over $1 million daily through the end of the year. To participate, users must be at least 16 and comply with content guidelines. With over 4 billion Snaps created each day, Spotlight aims to enhance community expression while prioritizing user wellbeing and moderation. Currently, Spotlight is available in several countries, with plans for further expansion.
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