SnapReport its first quarterly net profit on ThursdayAnalyst estimates were beaten for the fourth quarter by this company on user growth, earnings and revenue.

This report is a day following the Facebook parent MetaThe first quarter’s guidance was disappointing dragged down several social media stocksWith it. Snap lost 23.6% on Thursday, but rose more than 57% in the hours after its earnings announcement.

Below are some key numbers

• Earnings per share:According to an analyst survey by Refinitiv, 22 cents were adjusted for inflation vs. 10 cents as expected
• Revenue:According to Refinitv, $1.3 billion is more than $1.2 billion
• Global Daily Active Daily User (DAUs),According to StreetAccount, 319 million is compared with 316.9 millions.
• Average Revenue per User (ARPU):StreetAccount: $4.06 to $3.79

Refinitiv also reported that it provided Q1 guidance ranging from $1.03 billion up to $1.08 trillion, which is more than analysts expected. According to StreetAccount, it expects daily users of between 328 and 330 millions in the first quarter. This beats analyst estimates of 327.8million.

Snap faces similar challenges to Meta. Meta also warned Snap that Snap anticipates being harmed by them. $10 billion revenue hit in 2022Apple’s privacy settings on iOS have made it difficult for advertisers to target users with advert content.

Snap distributes its application on Apple iPhones, and offers advertising content for monetization. Snap’s direct-response advertising business experienced an “immediate” recovery following the iOS changes, according to Derek Anderson’s prepared remarks on the analyst call.

Anderson indicated that Snap thinks it would take “at least two more quarters” for advertising partners to gain full confidence in the new measurement solutions.

Jeremi Gorman, Chief Business Officer, stated in prepared remarks that the sales staff is supporting advertisers through these changes. Gorman indicated that those advertisers who focus more on in-app purchases and lower-funnel goals have been the worst affected. Others have switched to installs or clicks to be visible despite iOS changes.

Andersen pointed out that macroeconomic factors like disruptions in supply chains and labor problems are impacting advertisers, and Snap’s sector of brand advertising.

The story continues to develop. Keep checking back for more updates.

Subscribe to CNBC on YouTube.

WATCH: Has Meta lost its way? Here are both sides of the issue