Facebook parent company Meta (FB-US) earnings disappointed the market, which led to a collective dive in social media stocks on Thursday (3rd), but Snap (SNAP-US) and Pinterest (PINS-US) U.S. stocks reported better-than-market earnings following the bell, and Snap made its first profit since its listing, inspiring the stock to surge nearly 60% following the bell.
Snap U.S. stock market announces fourth-quarter financial results for fiscal 2021 following the market, with revenue of 1.3 billionDollar, better than the 1.2 billion expected by analysts polled by RefinitvDollar, EPS 0.22 Dollar, better than the expected 0.1 Dollar, In addition, the company turned from loss to profit, with a net profit of 22.55 millionDollar, an annual increase of 120%.
In terms of user performance, the global daily active users (DAU) reported 319 million people, StreetAccount estimated 316.9 million people, and the average revenue per user (ARPU) was 4.06 Dollar, the previous market estimate was 3.79 Dollar。
Snap expects revenue to slip slightly to $1.03 billion in the first quarter of fiscal 2022Dollarto 1.08 billionDollar, but still better than market expectations of 1.01 billionDollar, DAU will reach 328 million to 330 million people, better than the expected 327.8 million people.
The business of social media stocks such as Facebook and Snap is facing severe challenges. Due to the change of privacy policy on Apple’s iOS system, it is becoming more difficult for these companies and advertisers to advertise to consumers. However, Snap Chief Financial Officer Derek Anderson in the conference call. The company is recovering “faster than expected” from the crisis, it said.
Dragged down by Meta, Snap’s stock price fell 23.6% on Thursday. However, the better-than-expected results and outlook inspired the stock to soar 59.18% following the market to 39 per share. Dollar。
Design and image-inspired social media Pinterest also announced impressive results, with revenue of 847 million in the fourth quarter of the 2021 fiscal yearDollar, an annual increase of 20%, better than market expectations of 827 millionDollar; Adjusted EPS is 0.49 Dollar, better than 0.45 Dollarexpected, non-GAAP net profit of 339 millionDollar, an annual increase of 15%.
Pinterest said global monthly active users (MAU) fell 6% year-on-year to 431 million, with the U.S. seeing the sharpest decline, down 12% to 86 million. However, global average user revenue rose 23% to 1.93 Dollar。
Pinterest expects revenue to grow at an annual rate of 16% to 19% in the first quarter, in line with market expectations for an annual growth rate of 18%. Compared to Meta’s warning, Pinterest’s performance inspired the stock to surge 20.97% following hours to 29.65 per share Dollar。
