Snapchat Q1 2020 Earnings Report
Key Takeaways
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.
Snapchat
Snapchat
Snapchat Revenue by Geographic Location
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income