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Snap (GB:0RNH)
LSE:0RNH
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.04Last Year’s EPS
-$0.15Same Quarter Last Year
Based on 28 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: 5.13%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Neutral
The earnings call showcases strong growth in daily active users and revenue, driven by Snapchat+ subscriptions and direct response advertising. However, there are concerns about brand-oriented advertising revenue decline and potential risks associated with changes in the user experience. The financial performance is bolstered by improved EBITDA and cash flow, but infrastructure costs have risen.Company Guidance
During Snap Inc.'s Q3 2024 earnings call, the company provided guidance on several key metrics and strategic initiatives. The call highlighted the growth in daily active users (DAUs) to 443 million, marking an increase of 37 million year-over-year. Revenue for the quarter reached $1.37 billion, up 15% from the previous year, driven by a 16% rise in direct response (DR) advertising revenue. Snap's adjusted EBITDA was reported at $132 million, with free cash flow at $72 million. The company also discussed the introduction of new ad placements, including Sponsored Snaps and Promoted Places, and the rollout of Simple Snapchat as potential drivers for future growth. Looking ahead to Q4, Snap provided revenue guidance in the range of $1.51 billion to $1.56 billion, implying growth of 11% to 15% year-over-year.Strong Increase in Daily Active Users
Daily active users reached 443 million in Q3, an increase of 37 million year-over-year.
Revenue Growth
Total revenue increased by 15% year-over-year to $1.37 billion, with significant contributions from the Snapchat+ subscription business.
Direct Response Advertising Success
Direct response advertising revenue grew by 16% year-over-year, with total active advertisers more than doubling year-over-year in Q3.
Growth in Snapchat+ Subscriptions
Snapchat+ subscribers more than doubled year-over-year to exceed 12 million in Q3, contributing to other revenue more than doubling.
Adjusted EBITDA and Free Cash Flow
Adjusted EBITDA was $132 million, up from $40 million in Q3 of the prior year, and free cash flow was $72 million.
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GB:0RNH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:0RNH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $10.72 | $12.11 | +12.97% |
| Aug 01, 2024 | $13.24 | $10.81 | -18.35% |
| Apr 25, 2024 | $11.08 | $13.11 | +18.32% |
| Feb 06, 2024 | $17.25 | $17.25 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Snap (GB:0RNH) report earnings?
Snap (GB:0RNH) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Snap (GB:0RNH) earnings time?
Snap (GB:0RNH) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Snap stock?
The P/E ratio of Snap is N/A.
What is GB:0RNH EPS forecast?
GB:0RNH EPS forecast for the fiscal quarter 2024 (Q4) is -$0.04.
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