Snap Inc. Shares Surge as Latest Earnings Report Exceed Expectations

Live Analysis

Snap Inc. (SNAP) saw its share price rise to 16.21, marking a 3.78% increase from the previous close. The trading volume reached 26.52 million, representing an 87.65% increase compared to the average volume. The positive momentum can be attributed to strong market performance.

Earnings Overview

In the latest quarterly earnings report released on Wednesday, April 24th, Snap Inc. reported earnings per share of 0.03, surpassing the consensus estimate of -0.05. The total revenue for the quarter stood at 1.19 billion, exceeding the expected $1 billion. The company's stock price has increased by 46.3% since the earnings release.

Cash Flow

Snap Inc. reported a free cash flow of 37.90 million, while debt repayment amounted to -440.71 million. The net change in cash was -720 million, with operating cash flow at 88.35 million. The company's cash position at the end of the period was $1 billion.

Income Statement

The company generated 1.19 billion in revenue, with a gross profit of 580.46 million. Operating expenses totaled 913.69 million, resulting in a net income of -305 million. The earnings per share stood at -19 cents.

Ratios

Key financial ratios for Snap Inc. include a gross profit margin of 48.58%, an operating profit margin of -27.89%, and a debt ratio of 46.57. The return on equity is -14.31, while the price-to-earnings ratio is -15.19.

Balance Sheet

Snap Inc. reported total assets of 7.17 billion, with total liabilities amounting to 5 billion. The company's net debt stood at $2.83 billion, reflecting a stable financial position.

This comprehensive financial report highlights Snap Inc.'s strong performance and positive outlook in the market.