NYSE$SNAP

Snapchat Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Snap's Q1 2020 results showed increased user engagement and revenue growth.

Snap Inc. reported a 44% year-over-year increase in revenue, reaching $462 million, and a 20% increase in daily active users (DAU), totaling 229 million. The company's operating cash flow improved significantly, and it continued to invest in its Discover, camera, and augmented reality platforms.

  • Daily Active Users (DAUs) increased by 20% year-over-year to 229 million.
  • Revenue increased by 44% year-over-year to $462 million.
  • Operating cash flow improved by $72 million to $6 million.
  • Free Cash Flow improved by $73 million to $(5) million.

Headline financials

Total Revenue

$462M

Previous: $320M+44.3%
EPS (adj)

-$0.08

Previous: -$0.10+20.0%
Global DAU

229.0M

Previous: 190.0M+20.5%
NA DAU

88.0M

Previous: 80.0M+10.0%
EU DAU

70.0M

Previous: 61.0M+14.8%
RoW DAU

71.0M

Previous: 49.0M+44.9%
Global ARPU

$2.02

Previous: $1.68+20.2%
NA ARPU

$3.57

Previous: $2.81+27.0%
EU ARPU

$1.09

Previous: $0.77+41.6%
RoW ARPU

$1.00

Previous: $0.97+3.1%
Capital Expenditures

-$10.9M

Previous: -$11.8M+7.8%
Free Cash Flow

-$317M

Previous: -$322M+1.7%
Net Income

-$306M

Previous: -$310M+1.4%
Operating Income

-$286M

Previous: -$316M+9.4%
Gross Profit

$209M

Previous: $117M+79.2%
Cash & Equivalents

$901M

Previous: $246M+266.9%
Total Assets

$3.9B

Previous: $2.83B+38.0%
Stock-Based Comp

$172M

Previous: $163M+5.8%

Revenue & EPS history

Snapchat · Revenue · Quarterly

$462M

Q1 2020+44.3%vs Q1 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

Due to the uncertainties related to the ongoing COVID-19 pandemic and rapidly shifting macro conditions, Snap is not providing expectations for revenue or Adjusted EBITDA for the second quarter of 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-3.8%

Avg return

Earnings day

-2.0%

Avg return

5 days after

-2.6%

Avg return

30 days after

29%

12 / 41 earnings

Positive

+49.8%

Q4 2017

Best reaction

-35.8%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-9.5%-5.9%
Q4 2025-13.4%-11.5%-12.7%
Q3 2025-12.3%+20.0%+8.4%
Q1 2025-12.4%-5.9%-9.2%
Q4 2024-8.4%-7.7%-16.2%
Q3 2024+17.8%+17.0%+8.4%
Q2 2024-29.7%-35.1%-29.9%
Q1 2024+31.3%+35.8%+37.4%
Q4 2023-31.9%-33.7%-29.3%
Q3 2023-3.2%-2.0%+29.7%
Q2 2023-15.4%-15.8%-26.1%
Q1 2023-11.8%-15.9%+4.0%
Q4 2022-6.5%-0.8%-8.9%
Q3 2022-28.5%-11.6%-3.1%
Q2 2022-35.8%-37.9%-25.5%
Q1 2022-3.3%-6.7%-24.4%
Q4 2021+21.3%+17.1%+3.2%
Q3 2021-27.1%-26.8%-32.2%
Q2 2021+23.0%+16.7%+14.7%
Q1 2021+5.1%+3.8%-2.9%
Q4 2020+7.4%+6.0%-3.1%
Q3 2020+27.4%+50.6%+47.6%
Q2 2020-8.2%-12.3%-13.6%
Q1 2020+31.7%+23.8%+35.8%
Q4 2019-11.2%-6.0%-24.0%
Q3 2019-9.6%-4.3%+3.4%
Q2 2019+24.5%+26.4%+13.6%
Q1 2019-2.3%-5.4%-3.6%
Q4 2018+24.0%+31.3%+36.9%
Q3 2018-4.7%-2.4%-5.9%
Q2 2018-6.3%-5.7%-24.9%
Q1 2018-23.0%-24.7%-20.5%
Q4 2015-6.4%-12.4%-12.2%
Q4 2017+49.8%+35.7%+27.4%
Q3 2016-18.1%-18.0%-0.3%
Q3 2017-12.9%-14.0%-0.9%
Q2 2016-8.5%-4.7%+11.4%
Q2 2017-12.8%-6.0%+13.1%
Q4 2016-16.7%-9.6%-21.3%
Q1 2016-16.7%-9.6%-21.3%
Q1 2017-22.6%-11.1%-22.5%
Q3 2015
Q2 2015
Q1 2015

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