SNAP Q4 Revenue Up 10% as Profit Surges

Snap Inc. (NASDAQ:SNAP) reports Q4 profit surged 34% to $228 million, driven by strong ad sales and a 10% rise in revenue to $2.29 billion. The mobile advertising giant attributed growth to higher ad spending and an expanded addressable market. Fourth-quarter revenue of $2.29 billion and adjusted net income of $0.32 per share exceeded Wall Street expectations. The company posted a 22% year-over-year increase in average daily active users, reflecting continued adoption of its advertising platform.