Wednesday, Snap Inc. (SNAP) announced its first-quarter financial results, reporting a net loss of $88.95 million, or $0.05 a share, compared to $139.6 million, or $0.08 a share, in the prior year quarter.
Operating loss narrowed to $74.4 million from $193.8 million in the earlier year.
Revenue rose 12 percent, to $1.528 billion from last year's $1.363 billion.
In the after-hours, SNAP is trading at $5.90, down 3.92 percent on the New York Stock Exchange.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.