2/4, 10:14 PM (Source: TeleTrader)
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Chart for: Snap Inc

Snap reports Q4 revenue of $911M, jumping 62% YoY

Snap Inc. revealed on Thursday that its revenue amounted to $911 million in the fourth quarter of fiscal 2020, surging 62% compared to the same period in 2019. In the three months ending with December 31, 2020, the company's diluted loss per share was $0.08, compared to a loss per share of $0.17 a year ago. Operating loss landed at $97.24 million from $253.6 million from the previous year's fourth trimester.

For the entire fiscal year 2020, total revenues were 46% higher, hitting $2.5 billion, while diluted loss per share stood at $0.65, in comparison to a $0.75 loss per share from the previous year. Operating loss was $862 million in 2020, declining from a $1.1 billion operating loss in 2019.

Meanwhile, the number of Daily Active Users jumped 22% year-over-year to 265 million. The company's shares were 6.74% down in after-hours trading following the release of the report.

Breaking the News / MS