Break Tuesday's first-quarter revenue was reportedly higher than expected, but refused guidance, citing macroeconomic uncertainty could impact advertising demand.

Shares fell more than 13% in after-hours trading.

Here's how the company compares to Wall Street expectations:

• Earnings per share: Loss 8 cents. This number is not the same as the analyst's estimate.
• income: According to LSEG data, the estimated $1.36 billion is expected to be $1.35 billion.
• Daily active users around the world: According to StreetAccount data, it is estimated that 460 million will be 459 million.
• Global average revenue per user: According to StreetAccount, $2.96 vs. $2.93

SNAP did not provide the outlook for the second quarter, citing “how macroeconomic conditions develop in the coming months and how this could impact advertising demand more broadly”.

Analysts expect revenue guidance of $1.39 billion in the second quarter. The company said it expects daily active users to approach the midpoint of its second-quarter range of 468 million.

"While our top-notch revenue continues to grow, we have experienced headwinds that began the quarter and we believe it is prudent to continue to balance our investment levels with the revenue growth we have achieved," the company said in a letter to investors.

Like many tech companies, Snap faces a turbulent macro setup as it fights President Donald Trump's growing trade plan. Many are concerned that global trade uncertainty may cause companies to lower guidance or back down this revenue season.

Snap cites potential restrictions on advertising demand, which is why it sticks to guidance. Advertising revenue during the period rose 9% year-on-year to $1.21 billion. The growth mainly comes from direct response advertising. The company also said advertising revenue for brands was down 3% from a year ago.

The company is not alone. Last Thursday, Alphabet reported first-quarter sales of $90.23 billion, surpassing Wall Street expectations, but executives told analysts that the company could face a headwind of its online advertising business in the Asia-Pacific region.

SNAP reduced its adjusted operating expenses throughout the year to between $2.65 billion and $2.7 billion, from $2.7 billion to $2.75 billion. The company also revised its full-year cost guide based on stock compensation, from $1.13 billion to $1.16 billion, from $1.15 billion to $1.2 billion.

Snap's first-quarter sales jumped to $1.36 billion from $1.19 billion a year ago. The company reported a net loss of approximately $140 million, or 8 cents per share. That shrank by 54% from about $305 million or 19 cents a year ago. Adjusted EBITDA revenue was $108 million, with a maximum estimate of $64 million.

The company attributed the 8 cents loss to $700.1 million in fees related to cash severance, stock-based compensation expenses, and other expenses related to the 2024 restructuring. "These allegations do not reflect potential trends in our business," the company said.

SNAP released 460 million active users during this period, up from 453 million in the previous quarter. The company also said it reached 900 million monthly active users, up to 850 million in August, and SNAP last provided the statistics.

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