Snapchat Q3 2020 Earnings Report
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.
Snapchat
Snapchat
Snapchat 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