Snap (SNAP) Tops Q4 EPS by 2c, Revs Miss

Snap (NYSE: SNAP) reported Q4 EPS of $0.03, $0.02 better than the analyst estimate of $0.01. Revenue for the quarter came in at $561 million versus the consensus estimate of $563.03 million.

Daily Active Users increased 17% year-over-year to 218 million.

“In 2019 we saw momentum across the board. We grew our community by 31 million daily active users, accelerated our revenue growth, and progressed towards profitability by improving full-year Adjusted EBITDA by 65% year-over-year,” said Evan Spiegel, CEO. “The strength in our core business gives us confidence in our long term growth and profitability and we’re excited to build on these results in 2020 and beyond.”

GUIDANCE:

Snap sees Q1 2020 revenue of $450-470 million, versus the consensus of $461.63 million.

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

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