snap reported a widerthanexpected net loss in the first quarter and user growth that was in line with expectations shares surged in extended trading following an initial tumble the social media firm reported a net loss of 22 cents a share compared to wall street’s consensus estimate of 17 cents a share according to factset revenue of 106 billion was mostly in line with expectations daily active users jumped 18 year over year to 332 million compared to consensus expectations for 331 million