Snap's Earnings Just Gave CEO Evan Spiegel a Reason to Celebrate
Drinks on Evan Spiegel. Watch and find out why shares of Snap are soaring.
Well, almost a year after Snap's (SNAP) - Get Report IPO, CEO Evan Spiegel finally gave his diehard investors a reason to pick up their Apple (AAPL) - Get Report iPhones and take a celebratory seven-second selfie. For the first time ever, the social media app beat earnings expectations and sent its stock soaring.
Here are the some quick stats from the report:
- Snap's revenue was $285.7 million vs. estimates of $252.9 million
- The company also grew revenue 72 percent year-over-year
- Snap beat estimates when it came to global daily active users, with 187 million vs. 184.2 million
Check our resident techie Eric Jhonsa's comprehensive coverage of Snap's earnings.
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