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Snap (SNAP) Reports Q4 Earnings: What Key Metrics Have to Say
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Snap (SNAP - Free Report) reported $1.36 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 4.7%. EPS of $0.08 for the same period compares to $0.14 a year ago.
The reported revenue represents a surprise of -1.83% over the Zacks Consensus Estimate of $1.39 billion. With the consensus EPS estimate being $0.07, the EPS surprise was +14.29%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Snap performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Daily Active Users (DAU) - Total Global: 414 million versus the 10-analyst average estimate of 411.73 million.
Average revenue per user (ARPU) - Total Global: $3.29 compared to the $3.35 average estimate based on 10 analysts.
Daily Active Users (DAU) - Rest of World: 218 million versus 214.26 million estimated by eight analysts on average.
Average revenue per user (ARPU) - Rest of World: $1.03 versus $1.21 estimated by eight analysts on average.
Average revenue per user (ARPU) - North America: $8.96 compared to the $8.61 average estimate based on eight analysts.
Average revenue per user (ARPU) - Europe: $2.49 versus $2.61 estimated by eight analysts on average.
Daily Active Users (DAU) - Europe: 96 million versus 96.02 million estimated by eight analysts on average.
Daily Active Users (DAU) - North America: 100 million compared to the 101.26 million average estimate based on eight analysts.
Geographic Revenue- North America: $899.54 million versus the six-analyst average estimate of $864.17 million. The reported number represents a year-over-year change of +2.2%.
Geographic Revenue- Rest of World: $223.49 million versus the six-analyst average estimate of $262.51 million. The reported number represents a year-over-year change of +11.3%.
Geographic Revenue- Europe: $238.25 million versus the six-analyst average estimate of $246.80 million. The reported number represents a year-over-year change of +9%.
Shares of Snap have returned -3.2% over the past month versus the Zacks S&P 500 composite's +5.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Snap (SNAP) Reports Q4 Earnings: What Key Metrics Have to Say
Snap (SNAP - Free Report) reported $1.36 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 4.7%. EPS of $0.08 for the same period compares to $0.14 a year ago.
The reported revenue represents a surprise of -1.83% over the Zacks Consensus Estimate of $1.39 billion. With the consensus EPS estimate being $0.07, the EPS surprise was +14.29%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Snap performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Daily Active Users (DAU) - Total Global: 414 million versus the 10-analyst average estimate of 411.73 million.
- Average revenue per user (ARPU) - Total Global: $3.29 compared to the $3.35 average estimate based on 10 analysts.
- Daily Active Users (DAU) - Rest of World: 218 million versus 214.26 million estimated by eight analysts on average.
- Average revenue per user (ARPU) - Rest of World: $1.03 versus $1.21 estimated by eight analysts on average.
- Average revenue per user (ARPU) - North America: $8.96 compared to the $8.61 average estimate based on eight analysts.
- Average revenue per user (ARPU) - Europe: $2.49 versus $2.61 estimated by eight analysts on average.
- Daily Active Users (DAU) - Europe: 96 million versus 96.02 million estimated by eight analysts on average.
- Daily Active Users (DAU) - North America: 100 million compared to the 101.26 million average estimate based on eight analysts.
- Geographic Revenue- North America: $899.54 million versus the six-analyst average estimate of $864.17 million. The reported number represents a year-over-year change of +2.2%.
- Geographic Revenue- Rest of World: $223.49 million versus the six-analyst average estimate of $262.51 million. The reported number represents a year-over-year change of +11.3%.
- Geographic Revenue- Europe: $238.25 million versus the six-analyst average estimate of $246.80 million. The reported number represents a year-over-year change of +9%.
View all Key Company Metrics for Snap here>>>Shares of Snap have returned -3.2% over the past month versus the Zacks S&P 500 composite's +5.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.