#Snap’s great quarter somehow ends with shares taking a dip

“#Snap’s great quarter somehow ends with shares taking a dip”

Snap posted its Q1 2021 earnings last night, and despite its impressive results, its shares were down nearly 3% in after-hours trading. After the results, the share price took a 6% jump, but within hours, it plunged down. Let’s look at the company’s numbers: Revenue: $769.6 million vs $744 million estimated; 66% year-on-year growth. Net loss: $287 million vs $306 million in Q1 2020 ; the wall street estimate was $274 million. Adjusted EBITDA loss: $2 million vs $81 million in Q1 2020. User growth: 280 million vs 229 million in Q1 2020. While in most departments Snap beat estimates and performed…

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