Snap stock in focus before the bell after $1 billion run-rate milestone and 25 million subscribers
Snap shares rose 0.2% premarket to $4.89 after the company reported its direct-revenue business surpassed a $1 billion annualized run rate and subscriptions topped 25 million. Investors are watching a Feb. 23 test of creator subscriptions for signs Snap can grow recurring revenue as ad sales remain pressured.
