04:46 PM EDT, 04/29/2025 (MT Newswires) -- Snap (SNAP) reported a Q1 loss late Tuesday of $0.08 per diluted share, narrowing from the loss of $0.19 a year earlier.

Revenue in the three months ended March 31 rose to $1.36 billion from $1.19 billion a year earlier.

"Given the uncertainty with respect to how macro-economic conditions may evolve in the months ahead, and how this may impact advertising demand more broadly, we do not intend share formal financial guidance for Q2," the company said Tuesday in a letter to investors.

Shares of the company slumped 14% in recent after-hours trading.