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Snap Stock Plummets 13.5% Amid Economic Uncertainty

5/1/2025

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Summary

Story summary

Snap's stock dropped 13.5% to $7.86 after withholding Q2 guidance amid economic uncertainty.
Q1 revenue reached $1.36 billion, surpassing estimates, but the company posted an 8-cent loss per share.
Daily active users rose 9% year-over-year, totaling 460 million.
Snap reduced its full-year operating expense forecast due to anticipated advertising demand challenges.
Analysts hold a "hold" rating on Snap, with a median price target of $10.75.

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Story summary

Snap's stock dropped 13.5% to $7.86 after withholding Q2 guidance amid economic uncertainty.
Q1 revenue reached $1.36 billion, surpassing estimates, but the company posted an 8-cent loss per share.
Daily active users rose 9% year-over-year, totaling 460 million.
Snap reduced its full-year operating expense forecast due to anticipated advertising demand challenges.
Analysts hold a "hold" rating on Snap, with a median price target of $10.75.