Month: April, 2023

Snap Q1 Sales Fall 7% as Snapchat Users Tick Up to 383 Million, Stock Plummets
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Snap Q1 Sales Fall 7% as Snapchat Users Tick Up to 383 Million, Stock Plummets

Snap, still wrestling with an unpredictable advertising environment, reported first-quarter 2023 revenue that slightly undershot Wall Street expectations even as Snapchat’s user growth continued upward. The company said was not providing formal guidance for revenue or adjusted earnings for the second quarter of 2023. The Snapchat parent company’s Q1 revenue was $989 million, a decline…

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