Snap Inc Class A
SNAP: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| c | LOCK|S!f | LOCK|?@#Cpq |
Snap Earnings: Strong Subscription Growth Continues to Cover for Stagnant User Counts
Snap reported third-quarter results that included sales growing 14% to $1.72 billion and adjusted EBITDA expanding 10 points to 22%. The firm's revenue segment that houses its growing subscription business grew 84% to $350 million, constituting 20% of total sales, up from 13% a year ago.
