Snap (SNAP) Q1 Revenue Tops Consensus, DAUs were 229 million
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Snap Inc. Announces First Quarter 2020 Financial Results
April 21, 2020 4:10 PM EDTDaily Active Users increased 20% year-over-year to 229 million
First quarter revenue increased 44% year-over-year to $462 million
First quarter operating cash flow improved 109% year-over-year to $6 million
SANTA MONICA, Calif.--(BUSINESS WIRE)-- Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended March 31, 2020.
Financial Highlights
Operating cash flow improved by $72 million to $6 million in Q1 2020, compared to the prior year. Free Cash Flow improved by $73 million to $(5) million in Q1 2020, compared to the prior year. Common... More