SNAP) stock

2022 - 10 - 21

Post cover — Image courtesy of "Investor's Business Daily"

Snap Stock Plunges As Third-Quarter Results Miss Revenue ... (Investor's Business Daily)

Snap stock plunged after the close as it reported third-quarter results late Thursday that missed Wall Street revenue estimates.

The social media company reported an adjusted loss of 8 cents a share on revenue of $1.13 billion. Third-quarter revenue grew 6% from the year-ago period. Still, Snap stock plunged as analysts fretted over the weak revenue numbers. In addition to the decline in Snap stock, Facebook-parent Meta Platforms ( Analysts expected Snap to report a loss of 24 cents on revenue of $1.14 billion. Snap stock collapsed 25.5% to near 8 during after-hours trading on the

Snap Stock Just Lost a Quarter of Its Value. What Wall Street Is Saying. (Barron's)

A grim fourth-quarter outlook from the social media group is drawing pessimism from the stock market and Wall Street analysts.

the 24 cents they had penciled in—did little to stop investors souring on the stock as the company detailed [a grim outlook for the coming quarter](https://www.barrons.com/articles/snap-earnings-stock-price-51666214979?mod=article_inline). (ticker: SNAP) plunged 27% in U.S. ](https://www.barrons.com/market-data/stocks/snap)

Snap stock is crashing again — 3 big problems still lurk: Analyst (Yahoo Finance)

Shares of the social media platform crashed 25% in pre-market trading on Friday as third quarter sales marked the fifth straight quarterly deceleration. Profits ...

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Why Snap Stock Got Crushed Early Friday (Motley Fool)

For the third quarter, the Snapchat parent reported revenue of $1.1 billion, up 6% year over year, while its net loss of $360 million plunged 400%. This ...

As a result of the flood of outlook adjustments, three of Wall Street's finest issued downgrades, while more than a dozen slashed their price targets. [NYSE: SNAP](/quote/nyse/snap/) Unfortunately, average revenue per user (ARPU) of $3.11 declined 11%. For the third quarter, the Snapchat parent reported revenue of $1.1 billion, up 6% year over year, while its net loss of $360 million plunged 400%. This also marked the slowest quarterly sales growth in the company's history. [SNAP](/quote/nyse/snap/) -30.63%) cratered on Friday, falling as much as 32.1%.

Snap Stock Falls As User Growth Slows To Single-Digits (Entrepreneur)

Snaps fundamentals improved, albeit hampered by what are likely short-term macro headwinds, until macro issues resolve, the stock will be under pressure.

Since Snap does not have earnings, a lot of investors have been looking to metrics such as price-to-sales to gauge whether the company is valued correctly. While these numbers will make investors happy, Snap is still going to be contending with increasing competition from a number of different platforms including Instagram and TikTok. Snaps' fundamentals remain intact, but it has been facing headwinds from both the demographics of its user baser, which tends to be younger and macroeconomic headwinds, which are now clearly affecting marketing budgets. [Snap also recently announced that they will be laying off 20%](https://www.marketbeat.com/articles/snap-cutting-20-of-staff-as-ad-sales-continue-to-dry-up-2022-08-31/?1), of their staff as a plan to restructure their business. The fall in ARPU should not be surprising, it’s been noted that advertisers have become a lot of discerning when allocating funds to social media, and Snap is no exception. The rest of the world's users increased by 34%, compared to 4% in North America.

Snap plunges more than 30% to lowest level since early 2019 (CNBC)

Shares of Snap continued to plunge Friday afternoon after the company reported weaker-than-expected revenue for the third quarter.

Winning back investor and our own confidence will take time." Shares are now trading at levels not seen since February 2019. - The social media company has suffered as a result of the struggling online advertising market.