=Snap (SNAP) reported earnings on Tue 22 Oct 2019 (a/h)

Snap beats by $0.01, beats on revs; Adj-EBITDA, DAU exceed guidance; guides Q4 revs in-line, Adj-EBITDA just below consensus; sees Q4 DAUs of 214-215 mln

Reports Q3 (Sep) loss of $0.04 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of ($0.05); revenues rose 49.9% year/year to $446.2 mln vs the $436 mln S&P Capital IQ Consensus.

Adjusted EBITDA improved $96 million to $(42) million in Q3 2019, compared to the prior year and vs. guidance for ($85-60 mln)

DAUs were 210 million in Q3 2019, compared to 203 million in Q2 2019 and 186 million in Q3 2018, and vs. guidance for 205-207 mln.

Co issues guidance for Q4, sees Q4 revs of $540-560 mln vs. $553.64 mln S&P Capital IQ Consensus, sees Adj-EBITDA of $0-20 mln vs. $21 mln consensus