Nearly five years after going public, Snap is finally profitable. The company shared the milestone in its fourth-quarter earnings release, where it reported $23 million in positive net income. That ...

Snap shares rocketed up nearly 60% in after-hours trading after the company beat Wall Street financial forecasts — posting its first-ever net profit and netting more Snapchat users than expected. The ...

Average daily active users beat analyst estimates by about 2 million users. The more daily active users Snap can attract and retain, the more appealing its platform is to potential advertisers.

Analysts estimate adjusted EPS of $0.10 vs. $0.08 in Q4 FY 2020. The number of average daily active users is expected to rise YOY. Revenue is expected to rise, but at a slower pace compared to recent ...