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Pop pandemic 2020

Snapchat Daily Users Pop 22% in Q4, Snap Tops Earnings Estimates But Issues Weak Forecast

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variety.com
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Todd Spangler NY Digital EditorSnapchat gained 16 million daily users to hit an average of 265 million in the fourth quarter of 2020, continuing its solid growth during the COVID pandemic.

Snap beat revenue and adjusted earnings estimates for the quarter, but its Q1 guidance disappointed Wall Street.Snapchat’s daily active users were 265 million in Q4 2020, an increase of 47 million, or 22%, year-over-year.Revenue in the quarter increased 62%, to $911 million, while it narrowed its net loss to $113 million compared with $241 million in the prior-year period.

Adjusted earnings per share were 9 cents. Wall Street analyst consensus estimates had pegged Snap’s Q4 revenue coming in at $857.4 million and adjusted EPS of 7 cents, according to.

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