Re-Evaluating Snap After Its 60% Surge

Feb. 07, 2022 10:40 PM ETSnap Inc. (SNAP) StockSNAP13 Comments
The Asian Investor
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Summary

  • Snap reported its first-ever quarterly net profit in the company’s history last week.
  • Snap also saw strong revenue growth, indicating that Apple’s iOS privacy changes are not affecting the firm's ad business as much as feared.
  • Strong revenue and DAU growth translated to big free cash flow gains.
  • Snap’s growth prospects are still undervalued.

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Shares of Snap (NYSE:SNAP) soared 60% after the social media company submitted its earnings card for the fourth quarter which showed a first-ever profit. Snap also crushed revenue predictions for the fourth-quarter and saw strong growth

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