Categories AlphaGraphs, Technology

SNAP Earnings: Key quarterly highlights from Snap Q1 2021 financial results

Snap Inc. (NYSE: SNAP) reported first quarter 2021 earnings results today.

Revenue increased 66% year-over-year to $770 million.

GAAP net loss decreased 6% to $286 million while loss per share dropped 11% to $0.19 compared to last year. Adjusted EPS amounted to $0.00 versus a loss of $0.08 per share last year.

Both the top and bottom line numbers were better than expected.

Daily active users increased 22% YoY to 280 million.

For Q2 2021, Snap expects revenue of $820-840 million.

The stock gained nearly 5% in aftermarket hours on Thursday following the results announcement.

Prior performance

SNap Q2 2020 earnings

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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