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Snap Inc Class A SNAP Stock Quote

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Morningstar‘s Snap Stock Analysis SNAP

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Snap Disappoints Yet Again During Q3, but User Growth Makes Us Optimistic

Ali Mogharabi Senior Equity Analyst

Analyst Note

| Ali Mogharabi |

For the third consecutive quarter Snap disappointed the Street with miss on the third-quarter top- and bottom-line when compared with the FactSet consensus estimates. While daily average users expanded impressively, monetization remained difficult. In addition to factors such as macroeconomic uncertainty and Apple’s privacy policies, changes in Snapchat user behavior are also increasing hesitancy by advertisers. While these changes may also be hindering ad revenue growth for Meta and Alphabet, we believe it is a lesser concern for these firms.

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Key Statistics SNAP

Company Profile SNAP

Business Description

Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe. The firm has approximately 158 million daily active users. Snap generates nearly all of its revenue from advertising with 88% coming from the U.S. The firm is headquartered in Venice, California.

3000 31st Street
Santa Monica, CA, 90405
T +1 310 399-3339
Industry Internet Content & Information
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 5,661