IB Net Payout Yields Model

Snap: 5 Million Reasons To Own

Update - Oct. 31, 2023

Pinterest reported a great quarter after the close yesterday. The social imaging site appeared to suggest any advertising pause from the Gaza conflict had already restarted. Snap should be above $10 already. 

Finviz Chart

Update - Oct. 25, 2023

Snap originally soared on a surprise profit and a return to sales growth during Q3. The social media stock is the cheaper in the sector and still trades near multi-year lows. 

-Q3 Non-GAAP EPS of $0.02 beats by $0.07.
-Rev of $1.19B (+5.3% YoY) beats by $80M.
-DAUs were 406M, up 43 million, or 12% YoY

Q4 Guidance
-DAUs of 410 to 412M
-Rev. of $1,320 to 1,375M, up 2% to 6%
-Adj. EBITDA between $65 to $105M

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Finviz Chart

Original article posted on Oct. 2

  • Snap's subscription service, Snapchat+, offers an opportunity for the company to build a recurring revenue stream and break away from the competitive advertising market.
  • Snap already generates $20 million per month in recurring revenues from Snapchat+ and has the potential to increase the monthly fee over time.
  • With solid user growth and the potential for the subscription service to become a significant part of the business, investors should consider buying Snap below $9.
Despite constant user growth, Snap (NYSE:SNAP) trades right back at the Covid lows. The social messaging platform has a booming subscription service, but the market has lost interest in such stocks. My investment thesis is ultra Bullish on this stock here below $9.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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