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Business Insider
12 minutes ago
- Business Insider
Bullish Analysts Eye SNAP Upside as Stock Hits Multiyear Low
Snap (SNAP) has endured a rough year, with shares down over 34% year-to-date and 24% since its Q2 earnings report on June 30th, which fell short on profitability and highlighted persistent competitive pressures. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Now trading at a one-year low, the stock reflects profoundly negative sentiment. However, I believe this sell-off is overdone and could offer a compelling entry point for long-term investors. Therefore, I am tentatively bullish on SNAP while looking for appropriate entry levels. Disappointing Q2 Earnings Report Creates Investor Panic In Q2 2025, Snap reported an adjusted loss of $0.16 per share, slightly worse than analyst expectations of $0.15. Revenue came in at $1.35 billion, up 9% year-over-year and in line with consensus. However, a technical glitch in Snapchat's ad-buying platform allowed certain advertisers to secure bids at steep discounts, weighing on revenue growth and resulting in the company's slowest expansion in over a year. This lackluster performance stood in stark contrast to the strong ad results posted by peers such as Alphabet (GOOGL), Meta (META), and Amazon (AMZN), fueling doubts about Snap's ability to compete effectively against AI-powered rivals. Investors responded decisively: SNAP shares plunged 24% in the days after earnings, sinking to a new 52-week low. It's Not All Bad News Despite the earnings miss, Snap posted several encouraging metrics in Q2. Daily Active Users grew 9% year-over-year to 469 million, led by 15% growth outside of the U.S. monthly active users increased 7% to 932 million. Free cash flow turned positive at $24 million, a significant turnaround from a $73 million outflow a year earlier. Both revenue and adjusted EBITDA improved meaningfully from last year, while Q3 guidance was broadly in line with consensus, with adjusted EBITDA slightly ahead. Ad revenue showed signs of recovery in May but softened in June and July following the broader rollout of Sponsored Snaps. Management expects conditions to improve in August and September. Global Average Revenue Per User (ARPU) held steady at $2.87, but monetization trends were stronger in developed markets: North America ARPU rose 9% to $8.33, while Europe climbed 13% to $2.65. Building for the Future Snap is doubling down on augmented reality (AR) and AI tools to differentiate itself in the competitive digital ad market. Spotlight, its short-form vertical video feature, now reaches over 550 million average monthly users and accounts for more than 40% of total content time on the platform. Snapchat+, the company's paid subscription service, is expanding quickly with nearly 16 million subscribers—up 64% year-over-year. At its current pace, Snapchat+ is generating an annual revenue run rate of about $700 million, providing a growing revenue stream outside of advertising. Looking further ahead, management is advancing its AR hardware roadmap, with the next-generation 'Specs' glasses slated for a 2026 launch, part of Snap's broader push into spatial computing and immersive content. Meanwhile, new ad products such as Promoted Places and Sponsored Snaps aim to diversify revenue and lift ARPU over time. Snap's strategy remains focused on scaling these innovations while maintaining strict cost discipline. Why I Think the Market Overreacted Q2 offered few positives, with Snap reporting a wider-than-expected loss, a revenue drag from an ad-platform glitch, and slowing ad growth. However, the 24% post-earnings sell-off has pushed the stock to levels that seem to discount a worst-case scenario. For contrarian investors, Snap's expanding user base, rising ARPU in developed markets, and new monetization streams like Snapchat+ could provide meaningful upside if execution improves. With strong product momentum and new features scaling, the company has a viable path to reaccelerate growth. Based on my analysis incorporating P/E, EV, and revenue multiples alongside a five-year EBITDA projection, I estimate Snap's fair value at $10.50 per share—implying roughly 48% upside from current levels. Is SNAP a Buy, Hold, or Sell? According to TipRanks, Snap holds an average Hold rating based on 28 analyst reviews, which break down into four Buys, 23 Holds, and one Sell. The consensus price target stands at $9.22, implying ~29% upside from current levels over the next twelve months. Oversold SNAP Stock Creates Buying Opportunity Snap's weak Q2 results rattled investors, but the market's reaction looks excessive. Trading at a fresh 52-week low, the stock appears oversold. However, user engagement continues to climb, monetization in both the U.S. and Europe is improving, free cash flow has flipped positive, and new revenue streams like Snapchat+ are scaling quickly. While challenges remain, these trends point to a credible path back to growth. For investors willing to weather near-term volatility, today's weakness could present a buying opportunity. In my view, sentiment has swung too far negative, opening the door for long-term investors with patience.
Android Authority
30 minutes ago
- Android Authority
PSA: One of the biggest Google Play Store alternatives is shutting down on Android tomorrow
Adamya Sharma / Android Authority TL;DR Amazon is shutting down its Appstore on Android tomorrow, August 20, 2025. Today is the day to make any changes to your subscriptions via the Amazon Appstore. You can spend your remaining Amazon Coin balance, or it will be refunded to you once the store shuts down. Amazon will shut down its Appstore on Android tomorrow. The Google Play Store alternative will cease to operate on Android devices starting August 20, 2025, and all the apps that you may have downloaded through the store are not guaranteed to work properly after the shutdown. While the Amazon Appstore will no longer be available on non-Amazon Android devices, it will continue to function on Amazon's own devices, including Fire TV and Fire Tablet devices. Did you ever use the Amazon Appstore? 0 votes Yes, I tried it NaN % Yes, I still use it NaN % No, I never tried it NaN % I didn't know it existed NaN % If you have ever used the Amazon Appstore on your Android devices and have any subscriptions going, now is the time to head to the app to change, update, cancel, or turn off auto-renewals by heading to the app or through your Amazon account on the web. Don't want to miss the best from Android Authority? Set us as a preferred source in Google Search to support us and make sure you never miss our latest exclusive reports, expert analysis, and much more. Amazon Coins, used to make purchases on certain apps and in-app purchases in the Amazon Appstore, will also will also be discontinued tomorrow. They haven't been available since February this year, but if you have any remaining Amazon Coins, you have till tomorrow to use them. Otherwise, Amazon will refund any remaining Coins you may have in your account after August 20, 2025. Follow
Business Insider
31 minutes ago
- Business Insider
Amazon cloud chief says replacing junior employees with AI is the 'dumbest thing I've ever heard'
Matt Garman, Amazon's cloud boss, has a warning for business leaders rushing to swap workers for AI: Don't ditch your junior employees. The Amazon Web Services CEO said on an episode of the "Matthew Berman" podcast published Tuesday that replacing entry-level staff with AI tools is the "dumbest thing I've ever heard." "They're probably the least expensive employees you have. They're the most leaned into your AI tools," he said. "How's that going to work when you go like 10 years in the future and you have no one that has built up or learned anything?" Garman said companies should keep hiring graduates and teaching them how to build software, break down problems, and adopt best practices. He also said the most valuable skills in an AI-driven economy aren't tied to any one college degree. "If you spend all of your time learning one specific thing and you're like, 'That's the thing I'm going to be expert at for the next 30 years,' I can promise you that's not going to be valuable 30 years from now," he said. Instead, he said students should focus on developing critical reasoning, creativity, and the ability to adapt as technology evolves. Garman and Amazon did not respond to a request for comment from Business Insider. AI is coming for junior employees Tech leaders have been vocal about how AI could replace the work of entry-level staff. Please help BI improve our Business, Tech, and Innovation coverage by sharing a bit about your role — it will help us tailor content that matters most to people like you. Continue By providing this information, you agree that Business Insider may use this data to improve your site experience and for targeted advertising. By continuing you agree that you accept the Terms of Service and Privacy Policy . OpenAI CEO Sam Altman said in June that AI is already beginning to act like junior-level coworkers. "You hear people that talk about their job now is to assign work to a bunch of agents, look at the quality, figure out how it fits together, give feedback, and it sounds a lot like how they work with a team of still relatively junior employees," Altman said of AI agents during the Snowflake Summit 2025. Google's chief scientist, Jeff Dean, said earlier this year that AI will soon be able to replicate the skills of a junior software engineer, adding that it could happen within the next year. The pressure is also showing up in data. According to Goldman Sachs, the unemployment rate for 20- to 30-year-olds in tech has risen by nearly 3 percentage points since early 2024, over four times the increase in the overall jobless rate. "While this is still a small share of the overall US labor market, we estimate that generative AI will eventually displace 6-7% of all US workers," Jan Hatzius, Goldman Sachs' chief economist, wrote in August. Others don't agree that junior staff are expendable. GitHub CEO Thomas Dohmke said last month that young engineers frequently bring fresh perspectives and are more likely to have been early adopters of AI. "Folks that go to high school now, or to college, or even kids earlier in their education, they get to use AI much faster," Dohmke said in a July episode of "The Pragmatic Engineer." "They get it because they are taking this with an open mind. They don't have the, 'This is how we've always done it,'" he added.
