Snap Inc. (NYSE: SNAP) Q3 2020 earnings call dated Oct. 20, 2020

Revenues increased 52% year-over-year to $679 million. Net loss amounted to $200 million, or $0.14 per share, compared to $227 million, or $0.16 per share, last year. The company reported adjusted EPS of $0.01 versus a loss of $0.04 last year. Daily active users rose by 18% year-over-year to 249 million. Due to the uncertainty related to the COVID-19 pandemic, the company is not providing any guidance

Corporate Participants: Betsy Miller Frank — Head of Investor Relations

Evan Spiegel — Chief Executive Officer

Jeremi Gorman — Chief Business Officer

Derek Andersen — Chief Financial Officer

Analysts: Ross Sandler — Barclays — Analyst

Doug Anmuth — JPMorgan — Analyst

Michael Levine — Pivotal Research Group — Analyst

Heath Terry — Goldman Sachs — Analyst

Rich Greenfield — LightShed Partners — Analyst

Justin Post — Bank of America Merrill Lynch — Analyst

Eric Sheridan — UBS — Analyst

Brian Nowak — Morgan Stanley — Analyst

Mark Shmulik — Bernstein — Analyst

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