Break Stocks fell more than 15% after social media companies withheld second-quarter guidance due to uncertain macroeconomic environment.

“While our top-notch revenue continues to grow, we have experienced headwinds that began the quarter and we think it is prudent to continue to balance our investment levels with the revenue growth we have achieved,” the company said on Tuesday.

Derek Andersen, Snap's financial director, said on a revenue call that some advertisers have seen the impact of the change on the de Minimis waiver. The loophole (ends on Friday) currently allows goods under $800 to enter the United States with tax exemption.

President Donald Trump's ever-changing tariff plans create an unsettling backdrop for companies this revenue season. Fears that weak economics have also raised concerns that companies may reduce advertising spending, and SNAP becomes a key component of revenue.

Advertising revenue rose 9% year-on-year to $1.21 billion in the quarter, the company said.

Despite the suspension of guidance, SNAP reported revenues rose 14%, up from $1.19 billion to $1.36 billion a year ago. Snap's losses also shrank to 54% from $305 million (about $335 million) last year to $140 million, or 8 cents a share. The loss is due to $700.1 million in connection with cash severance expenses, stock-based compensation expenses, and other expenses related to the 2024 restructuring.

SNAP also marks ongoing user growth. Daily active users grew to 453 million people in the previous quarter with a population of 460 million. The company said the monthly active users were 900 million, up from 850 million in August, and SNAP last provided that statistics. Daus fell to 100 million shots in North America during this period, but Snap said the decline in the quarter will not drop.

Many on Wall Street expect the company to lack visibility in the second quarter, while the macro background weighed the stock and adjusted its price target to address the stock.

"Although (price to sales ratio) is close to the historical bottom and can support stocks, we reiterate the neutral rating because SNAP is under more pressure than its peers in previous macro declines," said Justin Post of Bank of America.

Other social media companies saw stocks fall on Tuesday, including Pinterestdown 5%, reddit, 6% down, then Yuandown 3%.

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