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Tuesday, February 4, 2020

=Snap (SNAP) reported earnings on Tue 4 Feb 20 (a/h)



Snap beats by $0.02, reports revs in-line; guides Q1 revs in-line

  • Reports Q4 (Dec) earnings of $0.03 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.01; revenues rose 43.9% year/year to $560.9 mln vs the $561.87 mln S&P Capital IQ Consensus. DAUs were 218 million in Q4 2019, an increase of 31 million or 17% year-over-year. Total daily time spent by Snapchatters watching Discover increased by 35% year-over-year in Q4 2019.
  • Adjusted EBITDA improved $93 mln to $42 mln in Q4 2019.
  • Co issues in-line guidance for Q1, sees Q1 revs of $450-470 mln vs. $461.86 mln S&P Capital IQ Consensus; EBITDA ($70-90) mln vs. ($64) mln consensus.
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