a u a
Posted on: Friday, July 23, 2021 – 10:09 am | Last update: Friday, July 23, 2021 – 10:09 am
The announcement constitutes the program’s strongest performance in four years.
Revenues increased by 116% to $980 million. However, Snap saw a loss of about $152 million, despite a 53% reduction from the same period a year ago.
The numbers clearly exceeded expectations, and the stock price initially rose by more than 13% in after-hours trading.
The stock has increased by 27% so far this year.