Snap Inc - Ordinary Shares - Class A
NYSE:SNAP
Restructuring / Reorganization, Other Pre-Announcement
Snap Posts Q4 Loss Per Share of $0.18 and Rev of $1.30 bln
Published: 01/31/2023 21:45 GMT
Snap Inc - Ordinary Shares - Class A (SNAP) - Q4 Loss per Share $0.18; Q4 Adjusted Earnings per Share $0.14; Q4 Revenue $1.30 Billion, Up 0.1%.
Q4 Earnings per Share View $0.11, Revenue View $1.30 Billion -- Refinitiv Ibes Data (analyst estimates).
Snap - Sees Q1 Daus 382-384 Million; Co's Internal Forecast Assumes Q1 Revenue to Drop 2-10%.
Q1 Revenue View $1.08 Billion -- Refinitiv Ibes Data (analyst estimates).
Given Uncertainties in Operating Environment, Not Providing Expectations for Q1 Revenue, Adjusted EBITDA.
Snap - Believe Co Has Path to Adjusted EBITDA Breakeven in Q1.
Snap - Quarter-to-date Revenue Down About 7%.
Snap - Headcount at Q4-end Was 5,288, Down About 20% From Peak Headcount in Mid-q3 2022.
Q4 Daus Were 375 Million, Up 17%; Q4 Arpu $3.47 Versus $4.06.
Snap - on Track to Realize Full $500 Million in Cost Reductions As Part of Strategic Reprioritization by Q1.
Q4 Earnings per Share View $0.11, Revenue View $1.30 Billion -- Refinitiv Ibes Data (analyst estimates).
Snap - Sees Q1 Daus 382-384 Million; Co's Internal Forecast Assumes Q1 Revenue to Drop 2-10%.
Q1 Revenue View $1.08 Billion -- Refinitiv Ibes Data (analyst estimates).
Given Uncertainties in Operating Environment, Not Providing Expectations for Q1 Revenue, Adjusted EBITDA.
Snap - Believe Co Has Path to Adjusted EBITDA Breakeven in Q1.
Snap - Quarter-to-date Revenue Down About 7%.
Snap - Headcount at Q4-end Was 5,288, Down About 20% From Peak Headcount in Mid-q3 2022.
Q4 Daus Were 375 Million, Up 17%; Q4 Arpu $3.47 Versus $4.06.
Snap - on Track to Realize Full $500 Million in Cost Reductions As Part of Strategic Reprioritization by Q1.