In a surprising, but welcomed, development, Snapchat finally pulled out of its slump to post a boost in revenue and new user growth. The increase beat investor expectations and invigorated the company, with stocks going up by as much as 25 percent.
Snap’s mother company, Snap Inc., reported on Tuesday a revenue of $285.7 million for Q4. It also indicated that it also had a 13 cents loss per share in the same quarter. That was a marked improvement to what analysts had previously predicted—revenue around $252.9 million and a loss of 16 cents per share.