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Sep 30, 2020
Snapchat Q3 2020 Earnings Report
Snapchat's Q3 2020 earnings demonstrated strong growth, driven by increased user engagement and advertising revenue.
Key Takeaways
Snap Inc. announced strong Q3 2020 financial results with revenue increasing 52% year-over-year to $679 million and daily active users (DAU) growing 18% year-over-year to 249 million. The company's net loss improved to $(200) million, and adjusted EBITDA was $56 million, showcasing positive momentum during a challenging period.
Daily Active Users (DAUs) increased by 18% year-over-year, reaching 249 million.
Revenue grew by 52% year-over-year, totaling $679 million.
Net loss improved to $(200) million compared to $(227) million in the prior year.
Adjusted EBITDA was $56 million, a significant improvement from $(42) million in the prior year.
Revenue by Geographic Location
Forward Guidance
Due to uncertainties related to the COVID-19 pandemic and rapidly shifting macro conditions, Snap Inc. is not providing revenue or Adjusted EBITDA guidance for the fourth quarter of 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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