The Snapchat parent now expects second-quarter revenue between $1.23 billion and $1.26 billion, above analysts' estimates of $1.22 billion, according to LSEG data.
Social media platform Pinterest climbed 4.4%, while Snapchat's larger rival Meta Platforms edged 1.2% higher after a sharp drop yesterday. Daily active users of Snapchat increased to 422 million during the quarter, above estimates of 419.6 million. The company said first-quarter revenue grew 21% to $1.2 billion, above estimates of $1.12 billion.
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