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Snap Delivers Q1 Earnings Beat as Snapchat Tops 900M Monthly Users, Withholds Guidance Given Economic ‘Uncertainty’
Snap beat Wall Street estimates for Q1 2025 and surpassed 900 million monthly users. But it didn't issue Q2 guidance because of economic uncertainty.
However, Snap did not issue formal Q2 financial guidance citing macroeconomic “uncertainty” and said its ad sales have “experienced headwinds” in the month of April. “We surpassed an important milestone in Q1, with our community growing to over 900 million monthly active users,” Snap co-founder and CEO Evan Spiegel said in prepared remarks. Snap said it would not share formal financial guidance for Q2, “Given the uncertainty with respect to how macro economic conditions may evolve in the months ahead, and how this may impact advertising demand more broadly.”
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