Snap beats first-quarter expectations, shares jump 25%


Snapchat logo is seen in this illustration taken July 28 2022. REUTERSDado RuvicIllustration

Snapchat logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) -Snap beat Wall Street's expectations for quarterly revenue and user growth on Thursday, as improvements to its advertising system delivered results faster than anticipated.

Shares of Snap spiked 25% to $14.32 in after-market trading.


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