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Snap soars more than 25 percent on strong earnings beat

Wednesday - 07/02/2018 04:35
Revenue: $285.7 million versus $252.9 million estimated, according to a Thomson Reuters consensus estimate
Earnings: Loss of 13 cents a share vs. 16 cents per share estimated, according to a Thomson Reuters consensus estimate

Snap soared after an earnings report that beat analyst expectations, with shares jumping up to 28 percent during after-hours trading.

The company reported Q4 earnings on Tuesday after the bell:

  • Revenue: $285.7 million versus $252.9 million estimated, according to a Thomson Reuters consensus estimate
  • Earnings: Loss of 13 cents a share vs. 16 cents per share estimated, according to a Thomson Reuters consensus estimate
     
  • Global daily active users (DAUs): 187 million vs. 184.2 million estimated, per FactSet and StreetAccount
     
  • Average revenue per user (ARPU) estimate: $1.53 vs. $1.36 estimated, per FactSet and StreetAccount

Though the company is still not profitable, it grew revenue 72 percent year-over-year and showed a 46 percent increase year-over-year in revenue ARPU. Cash burn decreased to $225 million, down 49 percent from the previous quarter.

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 Key: Snap

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