Snap beats Q1 earnings estimates with user growth and revenue gains, but shares fall in after-hours trading.

Snap Inc. reported better-than-expected Q1 results, with a loss of five cents per share beating the estimated seven cents loss, and revenue of $1.529 billion slightly above forecasts. The company saw a 5% year-over-year increase in both global monthly active users (956 million) and daily active users (483 million). Key revenue drivers included a 226% rise in sponsored snaps click-through rates and a 30% growth in Dynamic Product Ads revenue. Despite these positive results, Snap's stock fell 4.26% in after-hours trading. CEO Evan Spiegel highlighted ongoing investments in intelligent eyewear and upcoming updates at the AWE event in June.