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