SNAP - Wall Street Breakfast Podcast: Snap Falls On Revenue Miss Despite Growth
2024-02-07 06:47:31 ET
Summary
- Snap's revenue growth fell short, causing a 30% drop in premarket trading, despite beating forecasts on user growth, cash flow, and earnings per share.
- Disney, Fox, and Warner Bros. Discovery are partnering to create a joint venture for a new streaming platform, with each company owning a third of the platform.
- PayPal is set to report its Q4 earnings, with investors looking for guidance and cost-cutting measures as the new CEO aims to improve profitability.
Listen below or on the go on Apple Podcasts and Spotify
Disney (DIS), Warner Bros. Discovery (WBD), Fox ( FOX ) to build joint sports streamer . (00:23) SNAP slides as revenue shortfall overshadows user growth, profits. (01:41) PayPal ( PYPL ) Q4 earnings: Eyes on guidance and profit margins. (02:41) ...
Wall Street Breakfast Podcast: Snap Falls On Revenue Miss Despite Growth