=Snap (SNAP) reported earnings on Tue 5 Feb 2019 (a/h)

Snap beats by $0.04, beats on revs, DAUs beat; guides Q1 revs in-line, EBITDA above estimates -- has started rolling out new version of Android application

• Reports Q4 (Dec) loss of $0.04 per share, excluding non-recurring items, $0.04 better than the S&P Capital IQ Consensus of ($0.08); revenues rose 36.4% year/year to $389.82 mln vs the $378.9 mln S&P Capital IQ Consensus.
• Adjusted EBITDA loss improved $109 million to $(50) million in Q4 2018, compared to the prior year. Estimates called for EBITDA of ($83 mln)
• DAUs were 186 million in Q4 2018, compared to 187 million in Q4 2017 and 186 million in Q3 2018. Estimates called for Q4 DAUs of 184 mln
• In Q4 2018, our iOS DAU increased both quarter-over-quarter and year-over-year, and average time spent on iOS grew faster during Q4 2018 than during Q4 2017.
• "We ended the year with user engagement stabilizing and have started rolling out the new version of our Android application to a small percentage of our community. We are substantially closer to achieving profitability, as we have maintained a relatively flat cost structure across the past five quarters while growing full-year revenue 43 percent year-over-year."
• Corporate Updates:
  • We began to roll out our new Android application and early test results are promising, especially on less performant devices, including a 20% reduction in the average time it takes to open Snapchat.
• Co issues guidance for Q1, sees Q1 revs of $285-310 mln vs. $303.84 mln S&P Capital IQ Consensus; sees Adj-EBITDA of ($165-140 mln) vs. estimates for ($169 mln)