Americandiary24: Snap Inc.reported its fourth-quarter adjusted earnings

Snap Inc.reported its fourth-quarter adjusted earnings

05 February 2025 / 12:31 | Business | Follow contets:

Snap Inc.reported its fourth-quarter adjusted earnings, exceeding analysts’ expectations with earnings per share of 16 cents, above the projected 14 cents, the company made a statement.

The company’s revenue increased by 14% to US$1.56 billion, slightly surpassing the US$1.55 billion estimate.

The number of daily active users rose by 9% year-over-year to 453 million, surpassing the forecasted 450.8 million.

Investments in AI and machine learning have strengthened Snap’s advertising platform, boosting revenue, especially from small and mid-sized businesses.

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