Emmanuel Martinez Apr 28, 2021

Snapchats Big Quarter

Snaps Big Quarter

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Snap’s stock rose in after-hours trading on Thursday after the company reported its first-quarter results, beating Wall Street’s expectations on earnings, revenue and user growth.

Here’s what Snap earnings compared to Wall Street’s estimates:

  • Adjusted loss per share: 0 cents vs. 6 cents forecast 
  • Revenue: $770 million vs. $743.8 million forecast 
  • Global daily active users (DAUs): 280 million vs. 274.62 million per FactSet
  • Average revenue per user (ARPU): $2.74 vs. $2.72 forecast by FactSet

Highlights and Future Expectations

- Snap expects year-over-year revenue growth of 80% to 85% for the second quarter
- Snap expects to reach approximately 290 million DAUs in the second quarter
- Snap CEO Evan Spiegel also announced that Snapchat’s Android user base is now larger than its iOS user base calling it a "critical milestone"

NYSE: SNAP is up
 20.59% for the year.