NYSE:SNAPInteractive Media and Services
Snap (SNAP) Stock Rebounds On Free Cash Flow Strength丨
Snap shares jumped about 15% to US$5.79 after the Q2 print, a sharp move for a stock that had been flat over the past week and only modestly higher over the past month. The headline is simple: the market is rewarding Snap for a quarter that put free cash flow and cash generation front and center rather than just user growth and engagement.
Q2 revenue came in around US$1.6b, with adjusted earnings before interest, tax, depreciation and amortization firmly in the black and free cash flow...