Snap (SNAP) Tops Q1 EPS by 5c, DAUs were 280 million, Offers Guidance
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Snap Inc. Announces First Quarter 2021 Financial Results
April 22, 2021 4:10 PM EDTDaily Active Users increased 22% year-over-year to 280 million
Revenue increased 66% year-over-year to $770 million
Operating cash flow of $137 million and Free Cash Flow of $126 million
SANTA MONICA, Calif.--(BUSINESS WIRE)-- Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended March 31, 2021.
Financial Highlights
Revenue increased 66% to $770 million in Q1 2021, compared to the prior year. Net loss and Adjusted EBITDA were $(287) million and $(2) million in Q1 2021, respectively, compared to $(306) million and $(81) million in... More