Snap reported first-quarter results that highlighted how the company is feeling the sting from disruptions in the digital ad market, including the impact of rising inflation on advertisers and privacy policy changes Apple Inc. implemented last spring.
The Santa Monica, Calif., company on Thursday posted sales that narrowly fell short of its forecast and a loss that was wider than Wall Street expected. It issued what it described as a conservative outlook for sales growth in the current quarter that came in shy of estimates as it worried about further setbacks in the ad market.
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