Stock Market News

Snap Shares Plunge 25% on Q2 Warning

2022.05.24 01:06

Snap Shares Plunge 25% on Q2 Warning
Snap Shares Plunge 25% on Q2 Warning

Snap Inc . (NYSE:SNAP) shares dropped more than 24% after-hours after the company announced that revenue and adjusted EBITDA will come at the low end of its Q2 2022 guidance range due to the macroeconomic environment deteriorating further and faster than anticipated.

The company issued its Q2 guidance on April 21, 2022, expecting revenue growth of 20-25% year-over-year, and adjusted EBITDA between breakeven and $50 million.

The news is also impacting peers like Meta Platforms Inc (NASDAQ:FB), Google (NASDAQ:GOOGL), Twitter (NYSE:TWTR), and Pinterest, Inc. (NYSE:PINS), which are all down between 3 and 9% after-hours.

By Davit Kirakosyan

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 97,909.23 1.10%
ethereum
Ethereum (ETH) $ 3,424.05 4.05%
tether
Tether (USDT) $ 1.00 0.07%
solana
Solana (SOL) $ 255.49 0.32%
bnb
BNB (BNB) $ 653.68 4.46%
xrp
XRP (XRP) $ 1.48 1.58%
dogecoin
Dogecoin (DOGE) $ 0.428273 6.81%
usd-coin
USDC (USDC) $ 1.00 0.05%
cardano
Cardano (ADA) $ 1.06 8.20%
staked-ether
Lido Staked Ether (STETH) $ 3,424.06 4.00%
tron
TRON (TRX) $ 0.211981 4.02%
avalanche-2
Avalanche (AVAX) $ 41.71 2.32%
the-open-network
Toncoin (TON) $ 6.31 15.19%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 3.02%
stellar
Stellar (XLM) $ 0.495084 44.09%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,049.69 3.73%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,474.12 1.38%
polkadot
Polkadot (DOT) $ 8.60 34.33%
chainlink
Chainlink (LINK) $ 17.57 13.50%
bitcoin-cash
Bitcoin Cash (BCH) $ 504.23 2.92%
weth
WETH (WETH) $ 3,425.71 4.03%
sui
Sui (SUI) $ 3.43 1.08%
pepe
Pepe (PEPE) $ 0.000021 1.03%
leo-token
LEO Token (LEO) $ 8.63 1.32%
near
NEAR Protocol (NEAR) $ 6.16 7.33%
litecoin
Litecoin (LTC) $ 98.87 9.16%
aptos
Aptos (APT) $ 12.62 4.04%
uniswap
Uniswap (UNI) $ 10.73 14.16%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,601.74 3.78%
hedera-hashgraph
Hedera (HBAR) $ 0.151772 4.11%
crypto-com-chain
Cronos (CRO) $ 0.200595 5.77%
internet-computer
Internet Computer (ICP) $ 11.37 6.86%
usds
USDS (USDS) $ 1.00 0.82%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.574332 19.49%
ethereum-classic
Ethereum Classic (ETC) $ 29.77 6.32%
render-token
Render (RENDER) $ 7.74 5.96%
kaspa
Kaspa (KAS) $ 0.154459 2.18%
bittensor
Bittensor (TAO) $ 519.04 4.89%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.06%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.42 14.80%
bonk
Bonk (BONK) $ 0.000048 1.99%
arbitrum
Arbitrum (ARB) $ 0.87274 12.01%
whitebit
WhiteBIT Coin (WBT) $ 24.77 0.46%
dai
Dai (DAI) $ 1.00 0.04%
vechain
VeChain (VET) $ 0.041789 23.25%
mantra-dao
MANTRA (OM) $ 3.73 3.98%
filecoin
Filecoin (FIL) $ 5.52 14.43%
dogwifcoin
dogwifhat (WIF) $ 3.25 4.01%
cosmos
Cosmos Hub (ATOM) $ 8.26 12.58%
celestia
Celestia (TIA) $ 7.26 33.12%