Snap beats by $0.12, beats on revs; guides Q1 revs above consensus
- Reports Q4 (Dec) earnings of $0.22 per share, excluding non-recurring items, $0.12 better than the S&P Capital IQ Consensus of $0.10; revenues rose 42.4% year/year to $1.3 bln vs the $1.2 bln S&P Capital IQ Consensus.
- Adjusted EBITDA improved 97% to $327 million in Q4 2021
- DAUs were 319 million in Q4 2021, an increase of 54 million, or 20%, year-over-year.
- Co issues upside guidance for Q1, sees Q1 revs of $1.03-1.08 mln vs. $1.02 bln S&P Capital IQ Consensus.
- Adjusted EBITDA is estimated to be approximately breakeven.