Snap (SNAP) Tops Q1 EPS by 24c, Revenue Misses

Snap (NYSE: SNAP) reported Q1 EPS of $0.01, $0.24 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $988.6 million versus the consensus estimate of $1.01 billion.

• Daily Active Users increased 15% year-over-year to 383 million

Financial Guidance

We are not providing formal guidance for revenue or adjusted EBITDA for the second quarter of 2023.

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

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