Snap misses by $0.26 (GAAP), misses on revs (22.97 -0.35)
Reports Q1 (Mar) GAAP loss of $2.31 per share, $0.26 worse than the GAAP Capital IQ Consensus of ($2.05); revenues rose 285.6% year/year to $149.6 mln vs the $158.32 mln Capital IQ Consensus.
Daily active users (DAU) -- DAUs grew from 122 million in Q1 2016 to 166 million in Q1 2017 (roughly in-line with estimates), an increase of 36% year-over-year. DAUs increased 5% quarter-over-quarter, from 158 million in Q4 2016.
Average revenue per user (ARPU) -- ARPU was $0.90 in Q1 2017, an increase of 181% over Q1 2016 when ARPU was $0.32. ARPU decreased 14% over Q4 2016 when ARPU was $1.05.
Hosting costs per DAU -- Hosting costs per DAU were $0.60 in Q1 2017, as compared to $0.52 in Q1 2016 and $0.72 in Q4 2016.