Social network Snapchat (NYSE: SNAP) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 15.5% year on year to $1.37 billion. Its non-GAAP profit of $0.08 per share was also 55.2% above analysts’ consensus estimates.
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Snap (SNAP) Q3 CY2024 Highlights:
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Revenue: $1.37 billion vs analyst estimates of $1.36 billion (1.1% beat)
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Adjusted EPS: $0.08 vs analyst estimates of $0.05 ($0.03 beat)
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EBITDA: $132 million vs analyst estimates of $90.24 million (46.2% beat)
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Gross Margin (GAAP): 53.5%, in line with the same quarter last year
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Operating Margin: -12.6%, up from -32% in the same quarter last year
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EBITDA Margin: 9.6%, up from 3.4% in the same quarter last year
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Free Cash Flow was $71.83 million, up from -$73.44 million in the previous quarter
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Daily Active Users: 443 million, up 37 million year on year
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