Financial PerformanceSnap reported strong Q1 results, with both revenue and profitability coming in well ahead of the upper end of its respective guidance ranges.
Growth MetricsThe massive reacceleration in revenue growth and above consensus Q2 revenue guide should help fuel the bull case for the stock.
Product AdoptionSnapchat+ continues to scale effectively, now with 9M subscribers and $87M in revenue, comprising ~7% of total revenue.