Snap Galls 14 % after blocking the guidance, citing advertising concerns

pop The stocks fell more than 14 % on Wednesday after the social media company Withhold the guidance in the second quarter Because of the uninterrupted macroeconomic environment.

“Although our Topline’s revenues have continued to grow, we have witnessed the opposite winds to start the current quarter, and we believe that it is wise to continue balancing the level of our investments with the growth of the achieved revenues”, ” He said on TuesdayAdding that the total conditions can affect advertising demand.

During a call, Derik Anderson, Derik Andersen, said that some advertisers already see an impact from changes to minimal exemption. The gap, which Friday endsLess $ 800 charges allow the US -exempt from customs duties.

president Donald Trumptransformation tariff A disturbing background plans for companies in this profit season have created. Fears of weakness economy Fears have also been feared that companies can reduce advertising spending, as Snap makes a major component of revenue.

The company said that the advertising revenues grew by 9 % year on an annual basis to $ 1.21 billion in a quarter.

Despite the trend back, Snap has registered 14 % in revenue, increasing from $ 1.19 billion a year ago to $ 1.36 billion. The Snap loss also narrowed by 54 % to 140 million dollars, or 8 cents per share, from about 305 million dollars, or 19 cents, last year. The loss was due to a fee of $ 70.1 million related to the cutting of money, the expenditures based on stocks and other costs associated with the restructuring of 2024.

Snap also refers to the constant user growth. Daily active users grew to 460 million, up from 453 million in the previous quarter. The company said it had reached 900 million active users, an increase of 850 million users in August, the last time that Snap has provided that statistic. Daus fell to 99 million from 100 million in North America during this period, but Snap says it does not expect more declines in this quarter.

Many people in Wall Street expect the company to lack vision in the second quarter and the macro background on stocks and the goals of the modified prices in its account.

“While (the price ratio to the sale) is approaching a historical bottom and we can support the stocks, we repeat our neutral classification as Snap has been pressed more than its peers in the previous macro retreat,” said off of America in the Justin Post.

Other social media companies have seen that stocks decrease, including Pinterest and I wanted, It lasts 4 % and 8 % respectively. Dead More than 2 % decreased.

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