Snap Q3 results beat estimates; announced $500M share buyback program

Investing.comOct 29, 2024 9:24 PM

View all comments（0）



Investing.com -- Snap reported Tuesday third-quarter results that topped estimates, underpinned by stronger-than-expected user growth, and the social media company launched a $500 million share buyback program.

Snap Inc (NYSE:SNAP) was up more than 4% in recent afterhours trading following the report.

Snap reported adjusted earnings per diluted share of $0.08 on revenue of $1.37B, topping Wall Street estimates for adjusted EPS of $0.08 on revenue of $1.36B.

Daily active users jumped by 37M, or 9%, to 443M, topping analyst estimates of 441M, taking total time spent on the platform up 25% in Q3 from the same period a year earlier.

Snap Inc. also launched a share buyback program of up to $500 million of its common stock.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Intel (INTC) Stock Price Prediction July 2026: Down 21% in 7 Days — HSBC Says $200, BofA Says Bubble

Intel dropped 21% from $140 to $110 in seven days as BofA warned of semiconductor bubble risk and 18A profitable yields were delayed. HSBC raised its target to $200. July 23 earnings is the reset.

Apple (AAPL) Stock Price Forecast: Double Top at 52-Week High - Foldable iPhone Delays Risk

Apple is forming a double top at its $317 52-week high as Ming-Chi Kuo says the foldable iPhone could face iPhone X-style delays. Broadcom deal extended to 2031. AAPL at $311. Here’s the setup.

Japan and South Korea Markets Crash at Open: Nikkei and Kospi Face Sequential Stampede, Samsung and SK Hynix Plunge, Kioxia Buck Trend to Rise

Japanese and South Korean stock markets plunged at the open, with the KOSPI and Nikkei 225 experiencing a dramatic secondary sell-off. Samsung Electronics and SK Hynix both fell by approximately 4%, while Kioxia bucked the trend to rise.

Micron (MU) Stock Price Prediction July 2026: Anthropic Deal and 22% Pullback - Buy the Dip?

TradingKey - Micron is down 22% from its post-earnings highs at $984. New Anthropic partnership, $22B in non-cancelable contracts, and SK Hynix listing on Nasdaq July 10. UBS says it’s temporary. Burry shorted it.

OpenAI Rumored to Launch GPT-5.6 to Public, Exactly Timing Anthropic Fable 5 Limit Expiration

TradingKey - Anticipation surrounding the release of GPT-5.6 has recently continued to build within the developer community. Polymarket prediction data showed that the probability of the model's official public release today (July 7) once reached 68% to 74.5%.

Featured Tools