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المشهد العربي
Snap shares rise post-earnings
Snapchat's stock price rose by 10.71% after the release of its quarterly financial results, which surpassed analysts' expectations. This was driven by a recovery in advertising activity and an increase in the paid user base. Data showed that the number of daily active users rose to 493 million, with the average revenue per user growing to $3.25. The company expects third-quarter revenues to exceed $1.70 billion, supported by a rebound in advertising in North America.
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