Evan Spiegel, CEO of SNAP Inc.
Stephen Desaulniers | CNBC
Snap’s stock fell as much as 10% in after-hours trading on Thursday after the company reported its fourth-quarter earnings despite beating Wall Street’s expectations on earnings, revenue and user growth. But the company provided a first-quarter adjusted EBITDA forecast that was much lower than analysts’ consensus expectations.
Here’s what they reported:
- Adjusted earnings per share: 9 cents vs. 7 cents per share forecast by Refinitiv
- Revenue: $911 million vs. $857.4 million forecast by Refinitiv
- Global daily active users (DAUs): 265 million vs. 257.79 million per FactSet
- Average revenue per user (ARPU): $3.44 vs. $3.34 forecast by…