Snap plunges 15% on 'headwinds' to start quarter, inability to offer guidance

Snap CEO Evan Spiegel speaks during the Semafor World Economy Summit 2025 at Conrad Washington in Washington, D.C., on April 23, 2025. Snap reported better-than-expected first-quarter revenue Tuesday but declined to provide guidance, citing macroeconomic uncertainties that could weigh on advertising demand. Shares dropped 13% in after-hours trading. Here is how the company did compared with Wall Street's expectations: Earnings per share: Loss of 8 cents. That figure is not comparable to analysts' estimates. Loss of 8 cents. That figure is not comparable to analysts' estimates. Revenue: $1.36 billion vs. $1.35 billion expected, according to LSEG $1.36 billion vs. $1.35 billion expected, according to LSEG Global daily active users: 460 million vs. 459 million expected, according to StreetAccount 460 million vs. 459 million expected, according to StreetAccount Global average revenue per user: $2.96 vs. $2.93 expected, according to StreetAccount Snap did not offer an outlook for th ... Read full article.