Snap beats by $0.03, beats on revs
- Reports Q4 (Dec) loss of $0.13 per share, excluding non-recurring items, $0.03 better thanthe Capital IQ Consensus of ($0.16); revenues rose 72.4% year/year to $285.7 mln vs the $252.27 mln Capital IQ Consensus, up 37% sequentially, driven by auction traction and seasonality.
- Daily Active Users (DAU) increased 8.9 million or 5% sequentially to 187 mln vs. 184 mln estimates, representing the highest net adds since Q3 2016. DAUs increased 28.8 million or 18% year-over-year.
- Average revenue per user (ARPU) was $1.53 in Q4 2017, up 46% year-over-year and 31% sequentially.
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