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Snap results impacted by disruptions in the digital ad market

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snap released first-quarter results that highlighted how the company is feeling the effects of disruptions in the digital advertising market, including the impact of rising inflation on advertisers and changes in privacy policies Apple Inc. implemented last spring.

The Santa Monica, Calif.-based company on Thursday reported sales just below guidance and a loss larger than Wall Street had been expecting. It issued what it called a conservative outlook for revenue growth in the current quarter, which fell short of estimates amid concerns about further pullbacks in the advertising market.

https://www.wsj.com/articles/snap-results-hit-by-disruptions-in-digital-ad-market-11650571931?mod=pls_whats_news_us_business_f Snap results impacted by disruptions in the digital ad market

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