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via seekingalpha.comBusiness & Companies

Snap stock dips as ad revenue and user growth miss estimates

FROM THE WIRE · SEEKINGALPHA.COM

[Snapchat Shares Jump On Strong Earnings Report] Justin Sullivan/Getty Images News Snap (SNAP [https://seekingalpha.com/symbol/SNAP]) shares fell around 11% on Thursday after the Snapchat parent reported weaker-than-expected advertising revenue growth and user numbers for the…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishAd revenue and user numbers below expectations pushed the stock down about 11%.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Snap shares fell around 11% after third-quarter results.
  2. 02Daily active users reached 495M against expectations of 499M.
  3. 03Advertising revenue rose 4%, below the 6% analysts had anticipated.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Snap Inc.SNAPStock5.92 USDMarket closedtoday +5.90%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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