Many companies in different industries are suffering in the current economic environment, where elevated inflation and rising interest rates are forcing consumers -- and businesses -- to carefully reconsider their spending habits.

Any company that relies on selling advertising spots to generate revenue has been particularly hard hit, and  (NYSE: SNAP) is no different. Put simply, if a business knows its customers are on a tight budget, it won't spend as much money marketing products to them on social media platforms like Snapchat.

Snap's revenue declined in the first half of 2023 as a result. But the company just released its financial report for the third quarter (ended Sept. 30), and it revealed a welcome return to growth. With its stock still trading 88% below its all-time high, here's why it might be time for investors to buy the dip. 

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Source Fool.com