Earnings

Snap (SNAP) earnings Q4 2020

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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…



Source cnbc.com

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