Snap (NYSE: SNAP) reported Q3 EPS of ($0.04), $0.01 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $446 million versus the consensus estimate of $434.79 million.

• DAUs were 210 million in Q3 2019, compared to 203 million in Q2 2019 and 186 million in Q3 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.

Financial Guidance

The following forward-looking statements reflect our expectations for the fourth quarter of 2019 as of October 22, 2019, and are subject to substantial uncertainty. This guidance assumes, among other things, that no business acquisitions, investments, restructurings, or legal settlements are concluded in the quarter. Our results are based on assumptions that we believe to be reasonable as of this date, but may be materially affected by many factors, as discussed below in “Forward-Looking Statements.”

Q4 2019 Outlook:

• Revenue is expected to be between $540 million and $560 million, compared to $390 million in Q4 2018. (Consensus $555.3)
• Adjusted EBITDA is expected to be between breakeven and $20 million, compared to $(50) million in Q4 2018.

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