Newsletter

Menu

A day after launch event, Snap stock continues to rally

By Staff Correspondent |
snap stock

Extending the ongoing recovery from the recent lows, shares of Snap Inc. (SNAP) traded sharply higher on Friday, a day after the company unveiled an array of new products. Snap expects the new products to keep advertisers and users engaged on the company’s platform while catalyzing its transformation from messaging app to a full-fledged media firm.

As part of exploring new revenue opportunities, the company rolled out several new products this week, of which the gaming platform and advertising network caught the attention of the market. Meanwhile, s section of market watchers remains skeptical about the ability of the new products to drive revenue growth for the company.

Considering the deepening crisis at Snap and its shrinking market cap, investors might not settle for anything less than a prudent strategy that helps the company recover from the losses.  There are others who speculate that the steady improvement in market value this year will continue in the coming months and help the company return to profitability.

Considering the rapid depletion of Snap’s market cap, investors might not settle for anything less than a prudent turnaround strategy

By launching the gaming platform, the management aims to attract the young population, which is increasingly being lured by the popular titles of game developers like Electronic Arts (EA) and Activision Blizzard (ATVI).

In the fourth quarter, Snap’s daily active users remained broadly unchanged year-on-year at $186 million. The company posted a narrower net loss of $0.04 per share for the three-month period on a 36% growth in revenues to $390 million. Both the numbers topped the estimates.

Also see: Snap Inc. Q4 2018 Earnings Conference Call Transcript

Earlier, Snap CEO Evan Spiegel had claimed that the company is ‘substantially’ closer to achieving profitability, aided by its revamped cost structure and improved revenue performance.

Raising hopes of a near-term turnaround, Snap shares nearly doubled so far this year after slipping to an all-time low in the final weeks of 2018. The stock gained 5% in the early trading hours of Friday. Over the past twelve months, it dropped about 17%.

 

We’re on Flipboard! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Advertisement

More on this Company

META Earnings: All you need to know about Meta’s Q4 2025 earnings results

January 28, 2026

Extreme Networks Advances Cloud and AI Networking Strategy

January 28, 2026

Extreme Networks Beats Q2 Estimates, SaaS Growth Drives Top-Line Gains

January 28, 2026

452 responses to “A day after launch event, Snap stock continues to rally”

  63. E-commerce

    […]although web-sites we backlink to below are considerably not connected to ours, we really feel they’re basically really worth a go as a result of, so possess a look[…]

  81. buy weed in dubai

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nonetheless definitely really worth taking a appear, whoa did 1 learn about Mid East has got far more problerms also […]

  89. sig p320 pro series

    […]Wonderful story, reckoned we could combine some unrelated information, nonetheless genuinely really worth taking a search, whoa did one master about Mid East has got a lot more problerms at the same time […]

  139. SpyToStyle

    […]we prefer to honor quite a few other world wide web internet sites on the internet, even though they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  193. vnhoi

    […]we prefer to honor many other online web pages around the net, even if they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  215. statistical help

    […]Wonderful story, reckoned we could combine several unrelated data, nevertheless seriously really worth taking a appear, whoa did a single find out about Mid East has got additional problerms as well […]

  245. ???? ?????

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless seriously really worth taking a appear, whoa did one particular find out about Mid East has got extra problerms at the same time […]

  250. خالد عزازى

    […]Wonderful story, reckoned we could combine a number of unrelated information, nevertheless truly really worth taking a search, whoa did one particular discover about Mid East has got extra problerms as well […]

  309. future university

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless genuinely really worth taking a search, whoa did a single learn about Mid East has got additional problerms also […]

  348. Click Here

    […]Wonderful story, reckoned we could combine some unrelated data, nonetheless actually really worth taking a look, whoa did a single master about Mid East has got far more problerms as well […]

  362. Click Here

    […]Wonderful story, reckoned we could combine a few unrelated data, nevertheless genuinely really worth taking a look, whoa did 1 find out about Mid East has got extra problerms also […]

  376. Click Here

    […]Wonderful story, reckoned we could combine a few unrelated information, nonetheless definitely really worth taking a appear, whoa did one understand about Mid East has got extra problerms at the same time […]

  412. Google reviews

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless definitely worth taking a appear, whoa did one particular find out about Mid East has got additional problerms also […]

  415. 2023 Books

    […]Wonderful story, reckoned we could combine a few unrelated information, nevertheless actually worth taking a look, whoa did one particular master about Mid East has got more problerms at the same time […]

Leave a Reply

Top