"Snap Inc. stated that its revenue for the current quarter is projected to be between $1.52 billion and $1.55 billion, which aligns with Wall Street estimates."
"The company noted that geopolitical headwinds in the Middle East have negatively impacted its advertising business, costing Snap between $20 million and $25 million in March alone."
Snap Inc. expects quarterly revenue between $1.52 billion and $1.55 billion, aligning with Wall Street estimates. However, the company reported that its advertising business has suffered due to the ongoing war in the Middle East. This geopolitical situation has negatively impacted revenue, costing Snap between $20 million and $25 million in March. Analysts had projected an average revenue of approximately $1.54 billion, indicating that Snap's forecasts are consistent with market expectations despite external challenges.
Read at www.bloomberg.com
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