Snap Inc. (SNAP) shares tumbled 14.19% in after-hours trading on Tuesday following the release of its first-quarter 2025 financial results. The social media company reported disappointing earnings and refrained from providing guidance for the upcoming quarter, citing economic uncertainties.

Snap posted a loss per share of $0.08, significantly underperforming analysts' expectations of a $0.03 profit. Despite reporting revenue of $1.36 billion, slightly above the estimated $1.35 billion, the company's net loss of $139.587 million raised concerns among investors. On a positive note, Snap's daily active users reached 460 million, surpassing the projected 458.3 million, and its adjusted EBITDA of $108.425 million outperformed expectations of $64.7 million.

The stock's sharp decline can be attributed to multiple factors, including the earnings miss and the company's decision not to provide second-quarter guidance due to macroeconomic uncertainties. Additionally, Snap lowered its full-year adjusted operating expenses outlook to $2.65 billion - $2.70 billion from the previous forecast of $2.70 billion - $2.75 billion. These developments have likely fueled investor concerns about Snap's future growth prospects and profitability in an increasingly challenging economic environment.