Snap reports Q1 adjusted EPS (10c), consensus (12c)
Reports Q1 revenue $320.43M, consensus $306.48M. DAUs were 190 million in Q1 2019, compared to 186 million in Q4 2018 and 191 million in Q1 2018. As of March, Snapchat reaches 90% of all 13-24 year-olds and 75% of all 13-34 year-olds in the U.S. "In the first quarter we delivered strong results across our business with growth in daily active users and revenue," said Evan Spiegel, CEO. "Our new Android application is available to everyone, with promising early results. This month we announced several new products that we believe will drive further engagement and monetization. As we look towards the future, we see many opportunities to increase our investments, and will continue to manage our business for long-term growth."