Snap surpassed analyst forecasts for fourth-quarter earnings and revenue, as global daily active users surpassed projections. Snap expects first-quarter revenue to exceed Wall Street’s forecast, but first-quarter adjusted earnings are projected below consensus estimates due to increased hiring and marketing expenses. Snapchat+ subscribers have grown to 14 million, generating substantial additional revenue, and CEO Evan Spiegel hinted at a potential subscription price increase. Shares rose in after-hours trading on Tuesday.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Snap surpassed analysts' forecast for fourth quarter earnings and revenue as global daily
00:06active users surpassed projections. Snap expected first quarter revenue to exceed Wall Street's
00:11forecast but first quarter adjusted earnings are projected below consensus estimates due
00:16to increased hiring and marketing expenses. Snapchat Plus subscribers have grown to 14 million
00:23generating substantial additional revenue and CEO Evan Spiegel hinted at a potential subscription
00:29price increase. Shares rose in after our trading on Tuesday. For all things money visit Benzinga.com
00:35slash GSTV.