Snap has issued a positive revenue forecast for the second quarter, projecting between $1.23 billion and $1.26 billion, which surpasses the consensus estimate of $1.14 billion.
The forecast for daily active users is approximately 431 million, also slightly above the analyst estimate of 429.06 million, according to the data compiled by Bloomberg.The optimistic guidance follows strong first-quarter results where Snap reported revenue of $1.19 billion, marking a 21% year-over-year increase and topping the $1.05 billion estimate.
The company also reported a notable improvement in adjusted EPS, which came in at 3 cents compared to 1 cent year-over-year, and well ahead of the expected 4 cent loss per share.
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