Snap Hits 900 Million Users, Beats Q1 Estimates, But Stock Slides On 'Uncertainty'
1. Snap reported Q1 revenue of $1.36 billion, up 14% year-over-year. 2. Active users grew to 460 million daily and 900 million monthly. 3. Adjusted EBITDA improved 137% year-over-year, reaching $108 million. 4. Q2 guidance is not provided due to macroeconomic uncertainties. 5. Snap's stock fell 12% in after-hours trading despite revenue growth.