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BRIEF-Snap Inc Says More Than Doubled Number Of Active Advertisers Year-Over-Year In Q4

· 02/04/2021 16:10
BRIEF-Snap Inc Says More Than Doubled Number Of Active Advertisers Year-Over-Year In Q4

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  • SNAP INC CEO SAYS DAILY ACTIVE USERS OPENED SNAPCHAT 30 TIMES PER DAY ON AVERAGE - PREPARED REMARKS

  • SNAP INC CEO SAYS REORGANIZING PRODUCT TEAM AROUND FIVE CORE PLATFORMS ON SNAPCHAT: MAP, COMMUNICATION, CAMERA, STORIES, SPOTLIGHT

  • SNAP INC EXEC SAYS ENDED 2020 WITH OVER $3.5 BILLION IN AVAILABLE WORKING CAPITAL INCLUSIVE OF CASH, MARKETABLE SECURITIES, EXISTING CREDIT FACILITIES

  • SNAP INC EXEC SAYS MORE THAN DOUBLED NUMBER OF ACTIVE ADVERTISERS YEAR-OVER-YEAR IN Q4

  • SNAP INC - STARTED QUARTER SLOWER THAN CO WOULD HAVE OTHERWISE EXPECTED DUE TO INTERRUPTION IN ADVERTISING DEMAND

  • SNAP INC - EXPERIENCED INTERRUPTION TO ADVERTISING DEMAND IN 1ST 2 WEEKS OF JAN AS MANY BRAND ADVERTISERS PAUSED CAMPAIGNS AMID EVENTS AT U.S. CAPITOL

  • SNAP INC - NOT CLEAR YET WHAT LONGER TERM IMPACT OF IOS PLATFORM POLICY CHANGES MAY BE FOR TOPLINE MOMENTUM OF BUSINESS

  • SNAP INC - ESTIMATE DAU WILL GROW Y-O-Y IN Q1 AT A RATE OF ABOUT 20% TO REACH 275 MILLION

  • SNAP INC - ANTICIPATE IOS PLATFORM POLICY CHANGES TO BE IMPLEMENTED LATER THIS QUARTER TO PRESENT RISK OF INTERRUPTION TO ADVERTISING DEMAND


((Reuters.Briefs@thomsonreuters.com;))