Snap rose nearly 2% in premarket trading as daily active users beat estimates.
It reported a Q1 adjusted loss Thursday of $0.02 per diluted share, compared with a break-even point a year earlier.
Revenue for the quarter ended March 31 was $1.06 billion, up from $769.6 million a year earlier.
Daily active users increased 18% annually to 332 million, versus the analyst consensus on Visible Alpha indicating 330.2 million users.
The company expected Q2 revenue growth of 20% to 25%, versus the Visible Alpha consensus for 27.6% growth.
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