Snap: Q4 Financial Highlights

Snap Inc. Announces Fourth-Quarter Financial Results

Snap Inc., headquartered in Santa Monica, California, revealed a net profit of $45.2 million for the fourth quarter.

The company reported earnings of $0.03 per share, while adjusted earnings—excluding stock-based compensation—stood at $0.18 per share.

These figures surpassed the expectations of Wall Street analysts, who had predicted earnings of $0.15 per share, according to a survey by Zacks Investment Research.

Snap, the parent company of Snapchat, generated $1.72 billion in revenue during the quarter, exceeding the $1.7 billion anticipated by analysts polled by Zacks.

For the full year, Snap Inc. recorded a net loss of $460.5 million, or $0.27 per share, with total revenue reaching $5.93 billion.

Financial data for this article was compiled using information from Zacks Investment Research.