Comment on Snap surges 10% as it gets a major boost from AI and paid subscribers

Snap surges 10% as it gets a major boost from AI and paid subscribers

Snap surged 10% after reporting third-quarter earnings.Thomas Trutschel/Photothek via Getty ImagesSnap's stock rose 10% after its third-quarter revenue beat Wall Street expectations.Snap's revenue grew 15% to $1.37 billion, surpassing analyst estimates of $1.36 billion.Snap's revenue growth was attributed to AI features and growth in Snapchat+ users.Snap rose 10% in late trading after reporting third-quarter revenue that beat analyst expectations, following the rollout of a wide range of artificial intelligence features and growth in paid users.Snap, which is most popular for its photo-messaging service, saw quarterly revenue grow 15% year-on-year to $1.37 billion.

 

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