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Wireless

Snap reports better-than-expected results in Q4 but forecasts lower Q1

Wednesday 5 February 2020 | 09:50 CET | News
Snap has again reported a higher-than-expected set of results for the fourth quarter, but is guiding for a lower first quarter. Revenues for Q4 rose 44 percent from the year before to USD 561 million, while the adjusted EBITDA improved by USD 93 million to USD 42 million. CEO Evan Spiegel said the company has progressed towards profitability and that it is confident in its long term growth and profitability.

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Categories: Mobile & Wireless
Companies: Snap
Countries: World
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