Snap swings to quarterly net loss, expects lower Q1 rev; shares fall

FILE PHOTO: A woman photographs a banner for Snap Inc. on the facade of the New York Stock Exchange (NYSE) on the morning of the company's IPO in New York City, NY, U.S. March 2, 2017. REUTERS/Brendan McDermid/File Photo

(Reuters) -Snap Inc on Tuesday said current quarter revenue could decline by as much as 10%, sending its shares down 14% as the company struggles with weak advertising demand.

The owner of photo messaging app Snapchat is the first of the major digital advertising platforms to report fourth-quarter results, which provides an early clue for platforms like Facebook owner Meta Platforms Inc and Alphabet's Google when they report results later this week.