Snap surpassed analyst forecasts for fourth-quarter earnings and revenue, as global daily active users surpassed projections. Snap expects first-quarter revenue to exceed Wall Street’s forecast, but first-quarter adjusted earnings are projected below consensus estimates due to increased hiring and marketing expenses. Snapchat+ subscribers have grown to 14 million, generating substantial additional revenue, and CEO Evan Spiegel hinted at a potential subscription price increase. Shares rose in after-hours trading on Tuesday.
