Snapchat Posts Stronger-Than-Expected Q4 Revenue, Shares Soar
Snapchat owner Snap Inc. reported a stronger-than-expected gain in fourth-quarter revenue, exceeding analyst estimates and sending shares soaring. The company’s ad business is showing signs of improvement, with small- and medium-sized marketers attracted to its targeted ads. Revenue rose 14% to $1.56 billion in the period that ended December 31, with Snap expecting first-quarter sales … Read more