In this report, we briefly review six current drivers of SNAP’s direct response (DR) ad revenue growth, and five that could potentially contribute more in 2024. We also preview SNAP’s NewFront presentation tomorrow night, and update our model for last week’s earnings results, which result in our target increasing to $18 from $17 due to higher estimates and a higher target valuation.
What’s New: In this first take following tonight’s results, we touch on: 1. Broad-based ad growth, and 85% SMB advertiser growth sticks out 2. Engagement metrics hold steady, keeping the biggest risk to the stock at bay 3. Snapchat+ now at 9M subscribers, nicely ahead of our 8.6M estimate for 1Q24 4. My AI and generative AI features lightly highlighted 5. 2024 non-GAAP expense guidance also given for the first time. 6. Timely share repurchases continue as SNAP better manages the share count
HOUSTON--(BUSINESS WIRE)-- Sixth paragraph, last sentence of the release should read: Second quarter revenue is expected to reflect approximately 3% year-on-year growth and sequential growth of 7%, with Adjusted EBITDA Margin in an expected range of 20% to 21%, or up 200 to 300 basis points year-on-year and sequentially in both cases based on the mid-point of second quarter guidance (instead of Second quarter revenue is expected to reflect approximately 20% year-on-year growth and sequential growth of 8%, with Adjusted EBITDA Margin in an expected range of 20% to 21%, or up 200 to 300 basis po...
FISHERS, Ind.--(BUSINESS WIRE)-- First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Net income of $5.2 million and diluted earnings per share of $0.59, increases of 25.1% and 22.9%, respectively, from the fourth quarter of 2023 Net interest income of $20.7 million and fully-taxable equivalent net interest income of $21.9 million, increases of 4.7% and 4.2%, respectively, from the fourth quarter ...
What’s New: Ahead of Thursday PM’s earnings report, we review key controversies for SNAP, including: 1. Traction of SNAP’s direct response ad tech changes, and the trajectory of ad revenue growth. 2. Engagement levels in the North America, where deterioration is the most important risk this quarter. Also: can Global DAU growth hold +10%? 3. Flow through of the 10% headcount reduction in 1Q24, both on adjusted EBITDA margins and stock-based compensation. 4. We check in on SNAP’s non-advertising r...
IZEA Report Finds 55% of Social Media Users Have Made Influencer-Driven Purchases on Amazon Consumers Who Make Influencer-Driven Purchases are 2.4 Times More Likely to Shop on Amazon Than Other Online Retailers ORLANDO, Fla., April 18, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: ), the premier provider of technology, data, and services for the Creator Economy, released the United States edition of its research report, “” today. The report is based on U.S. consumer sentiment and examines the effectiveness of influencer marketing on purchasing behavior and its impact on products sold on Amazon. T...
IZEA Wins Top Place to Work Award at Ragan’s Workplace Wellness Awards CEO Ted Murphy Honored in Best CEOs category ORLANDO, Fla., April 15, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: ), the premier provider of technology, data, and services for the Creator Economy, announced today that it has been named one of Ragan’s Top Places to Work for Employee Wellbeing: Small and Mid-Size Organization. CEO Ted Murphy was also named a winner in the Best CEOs/Presidents category at . IZEA also received an honorable mention in the Employee Experience Initiatives/Programs category. This recognition from ...
BROOKFIELD, Wis.--(BUSINESS WIRE)-- REV Group, Inc. (NYSE:REVG), a leading manufacturer of specialty vehicles, announces Amy Campbell has joined the company as Chief Financial Officer, effective today. Campbell sits on REV’s executive leadership team and reports to CEO and President Mark Skonieczny. This press release features multimedia. View the full release here: REV Group, Inc. (NYSE:REVG), a leading manufacturer of specialty vehicles, announces Amy Campbell has joined the company as Chief Financial Officer, effective today. Campbell sits on REV’s executive leadership team and reports to ...
A director at Lennar Corp bought 1,575 shares at 157.000USD and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly s...
HOUSTON--(BUSINESS WIRE)-- Expro Group Holdings N.V. (NYSE: XPRO) (“Expro” or the “Company”) will hold a conference call on April 25, 2024 to discuss results for the quarter ended March 31, 2024. The conference call is scheduled to begin at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). A press release regarding the results will be issued before the market opens on April 25 and the press release, together with associated presentation slides, will be posted to the investor relations section of the Expro website in advance of the conference call. We encourage those who plan to dial-in to th...
OCALA, Fla.--(BUSINESS WIRE)-- REV Specialty Vehicles Segment, which includes fire apparatus brands E-ONE®, KME®, Ferrara™, Spartan Fire Chassis™, Spartan Emergency Response®, Smeal™, and Ladder Tower™, announces the Vector™, its all-electric North American-style fire truck, will feature on the April 15 episode of the award-winning series “.” REV Specialty Vehicles President Mike Virnig is the Vector spokesperson, interviewed by Jay Leno. This press release features multimedia. View the full release here: On April 15, Jay Leno's Garage will feature the all-electric North American-style Vector...
IZEA Unveils Quadra Generative Image Model in FormAI Users Can Now Generate Higher-Resolution, Lifelike Images in High Volume ORLANDO, Fla., April 08, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: ), the premier provider of technology, data, and services for the Creator Economy, today announced the launch of Quadra, the newest generative image model available in , its suite of artificial intelligence tools built specifically for influencer marketing. FormAI makes use of a variety of different AI technologies including Stable Diffusion and OpenAI generative models. The company provides users with f...
HOUSTON--(BUSINESS WIRE)-- Expro (NYSE: XPRO), a leading provider of energy services, has published its latest sustainability report, highlighting the Company’s achievements in 2023 along with the progress it has made during that time working toward its near- and long-term environmental, social and governance (ESG) objectives. This press release features multimedia. View the full release here: Headshot of Mike Jardon, Chief Executive Officer of Expro. (Photo: Business Wire) Projects delivered this year, that are highlighted in the report, include a custom solution to support the testing of ne...
IZEA Announces Q1 2024 Managed Services Bookings of $9.3 Million ORLANDO, Fla., April 04, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: ), the premier provider of technology, data, and services for the Creator Economy, announced today its Managed Services team secured contract bookings totaling $9.3 million in the first quarter of 2024, a 53% increase from $6.1 million in the first quarter of 2023. “In the first quarter of 2024, Managed Services bookings experienced a resurgence in year-over-year growth, propelled by an impressive sales pipeline from the fourth quarter of 2023 and an all-time rec...
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