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Earnings Outlook: Snap earnings: First report since IPO is major test for Snapchat parent company

Snap Inc. will face its first real test as a public company when the Snapchat parent company reports first-quarter earnings after the market closes Wednesday.

Snap SNAP, +2.66%had a highly celebrated IPO in March, but then saw it stock fluctuate as competition increased and analysts questioned Snap’s high valuation. Now, the key question for many investors is Snapchat’s daily user growth, which had been pressured in previous quarters.

It’s an even more fraught question now, as Facebook Inc. FB, -0.40% introduces more Snapchat-like features, and recently showed that Instagram Stories have surpassed Snapchat in terms of daily active users, as has WhatsApp Status, another Snapchat-like feature, which reported 175 million daily active users.

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