Snap Q1 overview: strong beat on eanrings, revenue growth

$Snap Inc(SNAP)$ Q1 results beat analysts’ estimates and showed a double-digit revenue growth.

Key Metrics:

Earnings per share (adjusted EPS) : 3 cents, expected of loss of 5 cents
Revenue: $1.19 billion ,better than expected of $1.12 billion
Global daily active users(DAU): 422 million, surpassing expected of 420 million
Average revenue per user(APRU): $2.83, also better than $2.67 expected

SNAP Q1 revenues increased 21% to $1.19 billion. This marked a significant acceleration for Snap, which had faced challenges in previous quarters.

Snap attributed its revenue growth to improvements in its advertising platform and increased demand for its direct-response advertising solutions. Advertising revenue reached $1.11 billion, while the "Other Revenue" category, driven by Snapchat+ subscribers, soared 194% year-over-year to $87 million.

Snap's net loss narrowed to $305.1 million, and it anticipates reporting revenues between $1.23 billion and $1.26 billion for the second quarter, with adjusted EBITDA projected to range from $15 million to $45 million.

The company reported 422 million daily active users (DAUs) in Q1, up 10% year-over-year.

Looking ahead, Snap expects to report revenue between $1.23 billion and $1.26 billion, up from the $1.22 billion expected by analysts. The company expects DAUs to reach around 431 million in Q2.

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This marked a significant acceleration for Snap, which had faced challenges in previous quarters.</p><p>Snap attributed its revenue growth to improvements in its advertising platform and increased demand for its direct-response advertising solutions. Advertising revenue reached $1.11 billion, while the \"Other Revenue\" category, driven by Snapchat+ subscribers, soared 194% year-over-year to $87 million.</p><p>Snap's net loss narrowed to $305.1 million, and it anticipates reporting revenues between $1.23 billion and $1.26 billion for the second quarter, with adjusted EBITDA projected to range from $15 million to $45 million.</p><p>The company reported 422 million daily active users (DAUs) in Q1, up 10% year-over-year. </p><p>Looking ahead, Snap expects to report revenue between $1.23 billion and $1.26 billion, up from the $1.22 billion expected by analysts. The company expects DAUs to reach around 431 million in Q2. </p></body></html>","htmlText":"<html><head></head><body><p> <a data-mention-id=\"SNAP\" class=\"teditor-mention\" data-mention-name=\"Snap Inc\" href=\"https://ttm.financial/S/SNAP\">$Snap Inc(SNAP)$</a> Q1 results beat analysts’ estimates and showed a double-digit revenue growth. </p><p>Key Metrics:</p><ul style=\"\"><li><p>Earnings per share (adjusted EPS) :&nbsp;3 cents, expected of loss of 5 cents </p></li><li><p>Revenue:&nbsp;$1.19 billion ,better than expected of $1.12 billion </p></li><li><p>Global daily active users(DAU): 422 million, surpassing expected of 420 million</p></li><li><p>Average revenue per user(APRU):&nbsp;$2.83, also better than $2.67 expected</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d99b0ab2de081a95bf623956817eb670\" tg-width=\"1080\" tg-height=\"1080\"></p><p>SNAP Q1  revenues increased 21% to $1.19 billion. This marked a significant acceleration for Snap, which had faced challenges in previous quarters.</p><p>Snap attributed its revenue growth to improvements in its advertising platform and increased demand for its direct-response advertising solutions. Advertising revenue reached $1.11 billion, while the \"Other Revenue\" category, driven by Snapchat+ subscribers, soared 194% year-over-year to $87 million.</p><p>Snap's net loss narrowed to $305.1 million, and it anticipates reporting revenues between $1.23 billion and $1.26 billion for the second quarter, with adjusted EBITDA projected to range from $15 million to $45 million.</p><p>The company reported 422 million daily active users (DAUs) in Q1, up 10% year-over-year. </p><p>Looking ahead, Snap expects to report revenue between $1.23 billion and $1.26 billion, up from the $1.22 billion expected by analysts. The company expects DAUs to reach around 431 million in Q2. </p></body></html>","text":"$Snap Inc(SNAP)$ Q1 results beat analysts’ estimates and showed a double-digit revenue growth. Key Metrics: Earnings per share (adjusted EPS) : 3 cents, expected of loss of 5 cents Revenue: $1.19 billion ,better than expected of $1.12 billion Global daily active users(DAU): 422 million, surpassing expected of 420 million Average revenue per user(APRU): $2.83, also better than $2.67 expected SNAP Q1 revenues increased 21% to $1.19 billion. This marked a significant acceleration for Snap, which had faced challenges in previous quarters. Snap attributed its revenue growth to improvements in its advertising platform and increased demand for its direct-response advertising solutions. Advertising revenue reached $1.11 billion, while the \"Other Revenue\" category, driven by Snapchat+ subscribers, soared 194% year-over-year to $87 million. Snap's net loss narrowed to $305.1 million, and it anticipates reporting revenues between $1.23 billion and $1.26 billion for the second quarter, with adjusted EBITDA projected to range from $15 million to $45 million. The company reported 422 million daily active users (DAUs) in Q1, up 10% year-over-year. Looking ahead, Snap expects to report revenue between $1.23 billion and $1.26 billion, up from the $1.22 billion expected by analysts. 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