Snap (SNAP) Tops Q2 EPS by 4c; Guides Q3 Revs Above Views

Snap (NYSE: SNAP) reported Q2 EPS of ($0.06), $0.04 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $388 million versus the consensus estimate of $359.56 million.

• DAUs were 203 million in Q2 2019, compared to 190 million in Q1 2019 and 188 million in Q2 2018.
• DAUs were up sequentially and year-over-year in each of North America, Europe, and Rest of World.
• DAUs were up sequentially and year-over-year on each of iOS and Android platforms.
• The average number of Snaps created every day grew to more than 3.5 billion in Q2 2019.

GUIDANCE:

Snap sees Q3 2019 revenue of $410-435 million, versus the consensus of $402.2 million.

For earnings history and earnings-related data on Snap (SNAP) click here.

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