NYSE$SNAP
Snapchat Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Snapchat achieved strong growth in revenue and daily active users, delivering positive free cash flow.
Snap Inc. announced its Q1 2021 financial results, reporting a 66% increase in revenue to $770 million and a 22% increase in daily active users to 280 million. The company also achieved positive free cash flow for the first time as a public company.
- Daily Active Users increased 22% year-over-year to 280 million.
- Revenue increased 66% year-over-year to $770 million.
- Operating cash flow was $137 million.
- Free Cash Flow reached $126 million, marking the first quarter of positive Free Cash Flow as a public company.
Headline financials
Revenue & EPS history
Snapchat · Revenue · Quarterly
$770M
Forward guidance
Snap Inc. provided the following forward-looking statements for the second quarter of 2021:
Tailwinds
- Revenue is estimated to be between $820 million and $840 million, compared to $454 million in Q2 2020.
- Adjusted EBITDA is estimated to be between $(20) million and breakeven, compared to $(96) million in Q2 2020.
- Guidance assumes constant foreign currency rates.
- Guidance assumes no business acquisitions, investments, restructurings, or legal settlements are concluded in the quarter.
- Results are based on assumptions believed to be reasonable as of April 22, 2021.
Headwinds
- Forward-looking statements are subject to substantial uncertainty.
- Results may be materially affected by many factors.
- Guidance is based on assumptions that may be affected by the COVID-19 pandemic.
- The company undertakes no obligation to update any forward-looking statements.
- Future developments related to the COVID-19 pandemic may affect the guidance.
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 2021
-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
| Quarter | Report date | Reaction (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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