Snap's Stock Jumps 8% on Earnings Beat and Strong Sales Forecast Snap's recent earnings beat and strong sales forecast have sent the company's stock soaring about 8% in extended trading.
This welcome respite comes after a period marked by intense scrutiny and dwindling user growth. The boost in advertising revenue is one area where Snap has made significant strides.
CEO Evan Spiegel attributed improving momentum to better product offerings, a more effective go to market approach, and the boost from World Cup related spending.