Snap Shares Plummet 10% on Slowing Revenue Growth
<p><a href='https://financialmodelingprep.com/financial-summary/SNAP'>Snap (NYSE:SNAP)</a> shares plunged more than 10% today after the company’s Q4 results displayed slowing revenue growth. Q4 EPS was $0.14, beating the Street estimate of $0.11. Revenue came in at $1.3 billion (flat year-over-year), in line with the Street estimates. Daily active users (DAUs) increased 17% year-over-year to 375 million in Q4. </p>
<p>For Q1, the company anticipates DAUs to be in the range of 382-384 million. The company anticipates that the operating environment will remain challenging, as it expects the current headwinds (macroeconomic, platform policy changes, and increased competition) to persist throughout Q1.</p>
<p>The company didn’t provide Q1 guidance for revenue or EBITDA, but noted that it had observed a 7% quarter-to-date revenue decline and its internal forecast assumes a revenue drop in the range of 2%-10% year-over-year in Q1.</p>

NYSE:SNAP