Snap (SNAP) Tops Q3 EPS by 6c, DAUs were 249 million

Snap (NYSE: SNAP) reported Q3 EPS of $0.01, $0.06 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $678.7 million versus the consensus estimate of $549.99 million.

• DAUs were 249 million in Q3 2020, an increase of 39 million or 18% year-over-year.
• DAUs increased sequentially and year-over-year on each of iOS and Android platforms.
• The average number of Snaps created every day grew 25% year-over-year.

Financial Guidance

Given the uncertainties related to the ongoing COVID-19 pandemic and the rapidly shifting macro conditions, we are not providing revenue or Adjusted EBITDA guidance for the fourth quarter of 2020.

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

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