Snap Inc. Shares Jump 25% After Strong Q4 Resultsby Forbes Middle East Forbes Middle East - Business News
Snapchat owner Snap Inc. saw its shares jump more than 25% in after-hours trading on Tuesday after releasing its fourth quarter results. Recommended Features
- Evan Spiegel
Review on Snap Inc. Shares Jump 25% After Strong Q4 ResultsSnaps revenue rose 72% in its fourth quarter, soaring to $285.6 million in December 2017 from $165.7 million at the same time in the previous year. This exceeded the $252.9 million that was expected by analysts polled by Yahoo Finance, according to Forbes.
Our business really came together towards the end of last year and I am very proud of our team for working hard to deliver these results, Snap cofounder and CEO Evan Spiegel said on a conference call with investors on Tuesday. We executed well on our 2017 plan to improve quality, performance and automation, which removed friction from our advertising business and improved our application for the Snapchat community.
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Created on Feb 8th 2018 02:27. Viewed 33 times.
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