The weak outlook pulled down the shares of rivals Meta, Google, and Pinterest, which also earns revenue by selling digital advertising, on Tuesday.Īnalysts expect Meta to report a 6.5% fall in December quarter revenue when it reports results on Wednesday, according to Refinitiv, its third consecutive quarter of decline. Snaps stock closed 58 higher on Friday afternoon, marking its best daily gain ever. The shares extended the losses on Wednesday, falling about 15% premarket. Division Mobile Application National income of India is complied by (a) Finance Commission (b) Indian Statistical Institute (c) National. ![]() Snap's shares slumped 14% on Tuesday after it projected a decline in current-quarter revenue by as much as 10%. Headwinds for Meta and Google could be notably less severe, he added. Adjusted operating profits crashed 94 to. "Snap is impacted by the reality that it has significant brand advertising exposure (which is getting hit harder than direct response)," said Evercore ISI analyst Mark Mahaney. Yahoo Finance Toyota, WeWork, Nike, Apple, Forever 21: Companies to Watch Toyota, WeWork, Nike, Apple and Forever 21 are the companies to watch 3 years ago Yahoo Finance Altria, Southwest. The company posted sales of 1.11 billion, shy of Wall Street estimates for 1.14 billion, as the slowing economy further pressured Snap's ad business. Facebook and Instagram reach billions of users, turning them a key part of the marketing strategies of many brands. This is essentially the TikTok bill, opening the door, potentially, for a ban of the Chinese-owned app. Similarly, Meta has said in previous quarters that the bulk of its revenue comes from direct response advertising. 2426 Likes, 88 Comments - Yahoo Finance (yahoofinance) on Instagram: SNAP stock is down more than 70 year to date. ![]() ![]() Alphabet's Google, the world's largest digital advertising platform, has long fared better than other ad-dependent companies because brands consider ads on Google searches crucial to driving website visits or other consumer actions. (SNAP) Prezzo Titoli, Notizie, Quotazioni e cronologia: Yahoo Finanza Snap Inc.
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