NYSE$SNAP

Snapchat Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Snapchat's community and business grew amidst a challenging environment, driven by innovation and value for partners.

Snap Inc. announced its Q2 2020 financial results, revealing a 17% year-over-year increase in revenue to $454 million and a 17% increase in Daily Active Users (DAU) to 238 million. The company continued to invest in its Discover platform, camera, and augmented reality platforms, as well as strengthened its ad platform.

  • Daily Active Users (DAUs) increased 17% year-over-year to 238 million.
  • Revenue increased 17% year-over-year to $454 million.
  • Operating cash flow improved 31% year-over-year to $(67) million.
  • Snapchatters opened Snapchat over 30 times every day on average.

Headline financials

Total Revenue

$454M

Previous: $388M+17.0%
EPS (adj)

-$0.09

Previous: -$0.06-50.0%
Global DAU

238.0M

Previous: 203.0M+17.2%
NA DAU

90.0M

Previous: 83.0M+8.4%
EU DAU

71.0M

Previous: 64.0M+10.9%
RoW DAU

77.0M

Previous: 56.0M+37.5%
Global ARPU

$1.91

Previous: $1.91+0.0%
NA ARPU

$3.40

Previous: $3.14+8.3%
EU ARPU

$1.10

Previous: $0.95+15.8%
RoW ARPU

$0.89

Previous: $1.20-25.8%
Capital Expenditures

-$15.8M

Previous: -$7.63M-106.6%
Free Cash Flow

-$342M

Previous: -$263M-30.0%
Net Income

-$326M

Previous: -$255M-27.7%
Operating Income

-$311M

Previous: -$305M-1.9%
Gross Profit

$204M

Previous: $173M+18.1%
Cash & Equivalents

$1.25B

Previous: $336M+272.8%
Total Assets

$4.7B

Previous: $2.78B+69.5%
Stock-Based Comp

$186M

Previous: $196M-4.8%

Revenue & EPS history

Snapchat · Revenue · Quarterly

$454M

Q2 2020+17%vs Q2 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

Due to uncertainties related to the ongoing COVID-19 pandemic and the rapidly shifting macro conditions, the company is not providing expectations for revenue or Adjusted EBITDA for the third 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 Q2 2020

Historical avgQ2 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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