Snap sees Q1 revenue $1.325B-$1.36B, consensus $1.33B

Sees Q1 adjusted EBITDA $40M-$75M. “For Q1 specifically, we anticipate continued growth of our global community, and our Q1 guidance is built on the assumption that DAU will be approximately 459 million in Q1,” the company said. “Our Q1 guidance range for revenue is $1.325 billion to $1.360 billion. We estimate infrastructure per DAU in Q1 will be at the low end of the full year guidance range while all other cost of revenue as a percent of revenue will be within our full year cost structure range of 19% to 20%. For Adjusted Operating Expenses we estimate year-over-year growth of 11% to 12% in Q1, driven by growth in headcount, higher legal related costs, and a seasonal shift of marketing expenses into Q1 relative to the prior year. In addition, we have committed $5 million to support communities and team members impacted by the recent wildfires to date in Q1, and anticipate we may make further commitments over time. Given the revenue range above, and our investment plans for the quarter ahead, we estimate that Adjusted EBITDA will be between $40 million and $75 million in Q1.” Guidance and comments taken from Q4 earnings call prepared remarks.