-=Snap (SNAP) reported earnings on Tue 7 Aug 2018 (a/h)

Snap beats by $0.03, beats on revs, DAUs miss; guides Q3 revs in-line (midpoint below estimates) 

• Reports Q2 (Jun) loss of $0.14 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of ($0.17); revenues rose 44.4% year/year to $262.26 mln vs the $249.61 mln Capital IQ Consensus.
• Adjusted EBITDA loss decreased 13% to $(169) million in Q2 2018, compared to an Adjusted EBITDA loss of $(194) million in Q2 2017.
• Daily Active Users (DAU) increased 8% to 188 million (vs. 191 mln analyst estimate) in Q2 2018, compared to 173 million in Q2 2017, and decreased 2% in Q2 2018, compared to 191 million in Q1 2018.
• Average revenue per user (ARPU) increased 34% to $1.40 in Q2 2018, compared to $1.05 in Q2 2017.
• Co issues guidancefor Q3, sees Q3 revs of $265-290 mln vs. $289.59 mln Capital IQ Consensus Estimate; sees Adj-EBITDA loss of $160-185 mln