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Intuit reported better-than-expected financial results for its crucial tax season Wednesday, while also announcing a round of layoffs. Intuit said it’s reducing its full-time workforce by 17%. According to Layoffs.fyi, a website that tracks tech layoffs, 111,173 tech employees have lost their jobs in 2026.
Snap’s first quarter results met Wall Street’s revenue expectations and showed notable progress in narrowing operating losses. Management attributed the quarter’s performance to continued growth in Snapchat’s global user base and a strong acceleration in subscription revenue, particularly from the Snapchat+ and Memories Storage offerings. CEO Evan Spiegel pointed to improved engagement, with Spotlight and augmented reality features driving increased daily activity. CFO Derek Andersen emphasized
Last fall, we described a crucible moment for Snap and the imperative to grow our community and engagement, reaccelerate revenue growth improved gross margins and establish a clearer path to net income profitability. Q1 marked a return to growth in daily active users reaching $483 million, while monthly active users grew to 956 million. Revenue increased 12% year-over-year to $1.53 billion, including a 3% year-over-year increase in advertising revenue to $1.24 billion and an 87% year-over-year increase in other revenue to $285 million.
Snap stock was tumbling after earnings. The cancellation of a deal with AI start-up Perplexity is likely to fuel an activist campaign.
Although the revenue and EPS for Snap (SNAP) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Snap (SNAP) delivered earnings and revenue surprises of +7.64% and +0.55%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
↘️ Arm Holdings (ARM): The British semiconductor design company said it was seeing rampant demand for its new computer chips. Shares were volatile afterhours, recently falling more than 7%, after rising 14% during regular trading hours.
Social network Snapchat (NYSE: SNAP) met Wall Street’s revenue expectations in Q1 CY2026, with sales up 12.1% year on year to $1.53 billion. Its GAAP loss of $0.05 per share was $0.02 above analysts’ consensus estimates.
Investing.com - Snap Inc. (NYSE:SNAP) reported first quarter results that exceeded analyst expectations, but shares fell 3% as the company’s second quarter revenue guidance came in roughly in line with Wall Street estimates.
Beyond analysts' top-and-bottom-line estimates for Snap (SNAP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2026.
Global Business Travel Group, Inc. (GBTG) delivered earnings and revenue surprises of +11.11% and +4.18%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
SNAP heads into Q1 earnings with a solid revenue growth outlook, but user softness, cost pressures and regulatory hurdles cloud the near-term picture.
GRINDR INC (GRND) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.