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Snap, Facing “Headwinds,” Scraps Q2 Guidance Amid Economic Uncertainty As Stock Drops
Snapchat parent Snap saw shares droop in after reporting first-quarter financials accompanied with a dose of realism. It's not offering Q2 guidance.
Snapchat parent Snap saw its stock droop in late trade after reporting first-quarter financials accompanied by a dose of realism even as monthly active users hit 900 million in the first quarter of 2025. “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, we do not intend to share formal financial guidance for Q2,” the company said in its letter to shareholders. But CEO Daniel Ek also spooked investors with talk of economic uncertainty and “short-term noise.” The one-two punch doesn’t bode well for a stream of tech and social media earnings coming later this week.
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