Snap (SNAP) Tops Q4 EPS by 25c, Revenue Misses, Offers Guidance
Snap (NYSE: SNAP) reported Q4 EPS of $0.08, $0.25 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $1.36 billion versus the consensus estimate of $1.38 billion.
GUIDANCE:
Snap sees Q1 2024 revenue of $1.1-1.14 billion, versus the consensus of $1.11 billion.
- As we enter Q1, we anticipate continued growth of our global community and, as a result, our guidance range is built on the assumption that DAU will be approximately 420 million in Q1. We are focused on executing against our roadmap to deliver improvements to our direct-response advertising platform to drive improved results for our advertising partners and accelerate topline growth. Our guidance range is for revenue of $1,095 million to $1,135 million, implying year-over-year revenue growth of 11% to 15%. Based on this revenue range and our investment plans for the quarter, we estimate that Adjusted EBITDA will be between negative $55 million and negative $95 million in Q1.
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