Snap Inc. (SNAP) CEO Evan Spiegel on Q1 2020 Results - Earnings Call Transcript

Apr. 21, 2020 11:23 PM ETSnap Inc. (SNAP) StockSNAP2 Comments
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Q1: 2020-04-21 Earnings Summary

EPS of -$0.08 misses by $0.00
 | Revenue of $462.48M (44.33% Y/Y) beats by $43.80M

Snap Inc. (NYSE:SNAP) Q1 2020 Earnings Conference Call April 21, 2020 5:00 PM ET

Corporate Participants

David Ometer - Investor Relations
Evan Spiegel - Co-Founder and Chief Executive Officer
Jeremi Gorman - Chief Business Officer
Derek Andersen - Chief Financial Officer

Conference Call participants

Ross Sandler - Barclays
Rich Greenfield - LightShed Partners
Heath Terry - Goldman Sachs
Mike Levin - Pivotal Research Group
Mark Mahaney - RBC
Stephen Ju - Credit Suisse
Brian Nowak - Morgan Stanley
Eric Sheridan - UBS
Justin Post - Bank of America
Doug Anmuth - JPMorgan

Operator

Good afternoon, everyone, and welcome to Snap Inc.'s First Quarter 2020 Earnings Conference Call. At this time participants are in a listen-only mode. After the prepared remarks, there will be a question-and-answer session. [Operator Instructions] This call will be recorded.

Thank you very much. Mr. David Ometer of Investor Relations, you may begin.

David Ometer

Thank you, and good afternoon, everyone. Welcome to Snap's first quarter 2020 earnings conference call. With us today are Evan Spiegel, Chief Executive Officer and Co-Founder; Jeremi Gorman, Chief Business Officer; and Derek Andersen, Chief Financial Officer.

Earlier today, we made a slide presentation available that provides an overview of our user and financial metrics of the first quarter 2020, which can be found on our Investor Relations Web site at investor.snap.com.

Now, I will cover the Safe Harbor. Today's call is to provide you with information regarding our first quarter 2020 performance in addition to our financial outlook. This conference call includes forward-looking statements. Any statement that refers to expectations, projections, guidance, or other characterizations of future events, including financial projections, future market conditions or the impact of COVID-19 on our business and on the economy as a whole is a forward-looking statement based on assumptions today.

Actual results may differ

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