Snap (SNAP) Q1 Revenue Tops Consensus, DAUs were 229 million
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Snap (NYSE: SNAP) reported Q1 EPS of ($0.08), $0.01 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $462 million versus the consensus estimate of $431.43 million.
- DAUs were 229 million in Q1 2020, an increase of 39 million or 20% year-over-year.
- DAUs increased sequentially and year-over-year in each of North America, Europe, and Rest of World.
- DAUs increased sequentially and year-over-year on each of iOS and Android platforms.
- On average, more than 4 billion Snaps were created each day in Q1 2020.
Financial Guidance
Given the uncertainties related to the ongoing COVID-19 pandemic and the rapidly shifting macro conditions, we are not providing our expectations for revenue or Adjusted EBITDA for the second quarter of 2020.
For earnings history and earnings-related data on Snap (SNAP) click here.
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