Snap Inc.'s stock price surged by 27.46% due to the company's impressive Q1 results and positive outlook for future growth. The key drivers behind this stock price rise include exceeding revenue expectations, showcasing strong user growth, improved advertising sales, and expanded revenue sources. Snap's Q1 revenue of $1.19 billion, driven by 21% growth and 10% increase in daily active users to 422 million, contributed to the market's positive response. Additionally, the company's Non-GAAP EPS of $0.03 beating estimates, the success of Snapchat+ subscription service with over 9 million users, and a 16% Y/Y growth in advertising revenue all positively impacted the stock price. Snap's strategic investments in machine learning, augmented reality, and enhancing the advertising platform bolstered investor confidence, leading to a significant surge in stock value.