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Tuesday, July 21, 2020

=Snap (SNAP) reported earnings on Tue 21 July 20 (a/h)

Snap beats by $0.01, beats on revs; not providing guidance at this time

  • Reports Q2 (Jun) loss of $0.09 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of ($0.10); revenues rose 17.1% year/year to $454.2 mln vs the $443.22 mln S&P Capital IQ Consensus.
  • DAUs were 238 million in Q2 2020, an increase of 35 million or 17% year-over-year.
  • DAUs increased sequentially and year-over-year in each of North America, Europe, and Rest of World.
  • DAUs increased sequentially and year-over-year on each of iOS and Android platforms.
  • "Given the uncertainties related to the ongoing COVID-19 pandemic and the rapidly shifting macro conditions, we are not providing our expectations for revenue or Adjusted EBITDA for the third quarter of 2020."
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