CEO Evan Spiegel told employees in a memo that Snap could log more than 475 million DAUs and more than 20% in full ads revenue growth in 2o24.
Evan Spiegel, the company's co-founder and CEO, told employees in a memo that it will log more than 475 million daily active users in 2024, beating analysts' projections of 448 million, tech publication the Verge reported on Friday.
The memo also projected that full-year advertising revenue growth will be over 20% for 2024, which Bernstein analyst Mark Schilsky noted in his Tech Specialists newsletter is better than Consensus Expectations of a little over 14%.shares rose nearly 12% on Monday following reports of an internal CEO memo indicating that the social messaging company could post better-than-expected results for 2024.
Evan Spiegel, the company's co-founder and CEO, told employees in a memo sent last month that it will log more than 475 million daily active users in 2024, beating analysts' projections of 448 million, the Verge The memo also projected that its full-year advertising revenue growth will be more than 20% for 2024, which Bernstein analyst Mark Schilsky noted in his Tech Specialists newsletter is better than Consensus Expectations of a little over 14%.The memo also projected 2023 adjusted EBITDA of $500 million, which Bernstein added would be a"sizeable beat" compared to current analyst projections of $250 million.
Snap confirmed the projections cited in the memo with CNBC, but characterized them as"stretch, internal goals only.""Stop doing this! For the love of your shareholders stop putting out aspirational goals like this. I know this was an internal memo, but management must have known it was going to leak.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
12′s Top 12: Week 9 BGC RankingsSee which teams made the cut in 12′s Top 12 for Week 9 of the 2023 high school football season!
Weiterlesen »
The Strangers Will Scare You Again, This Time As a TrilogyLionsgate aims to reboot (and remake) the cult franchise for a new audience throughout 2024.
Weiterlesen »
Rick Remender & Bengal's Napalm Lullaby From Image in March 2024Rick Remender and Bengal, creators of Death And Glory from Image Comics, reteam for an all-new dystopian epic in Napalm Lullaby. A new ongoing series out in March 2024 from Rick Remender's exclusive-signed Giant Generator line at Image.
Weiterlesen »
Italy puts scandal-ridden week behind it to beat Malta 4-0 in Euro 2024 qualifyingItaly has put a scandal-ridden week behind it to beat Malta 4-0 in a European Championship qualifier. Giacomo Bonaventura set Italy on its way with his first goal for the Azzurri and Domenico Berardi ended his goal drought in style with a goal in each half. Substitute Davide Frattesi netted in stoppage time to continue his scoring streak.
Weiterlesen »
Marvel Reveals Next Major Crossover Event, Blood Hunt2024's first Marvel event will feature Blade, the Avengers, Moon Knight, and more!
Weiterlesen »
Marvel's Avengers: Twilight Trailer ReleasedAvengers: Twilight 1 debuts in January 2024
Weiterlesen »