Company Of The Day: Snap
Snapchat’s parent company Snap (NYSE:SNAP) posted a better than expected set of Q4 2021 results, with revenue rising 42% year-over-year to $1.3 billion and EPS coming in at $0.22.
Snap saw its daily active user base rise 20% year-over-year to 319 million. Moreover, the privacy changes to Apple’s iOS that hurt players such as Facebook, did not impact Snap’s ad business as much.
Snap stock rallied by almost 58% in Friday’s trading.
See Our Complete Analysis For Snap
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|S&P 500 Return||-1%||-6%||100%|
|Trefis MS Portfolio Return||-1%||-10%||254%|
 Month-to-date and year-to-date as of 2/7/2022
 Cumulative total returns since the end of 2016