LIVE: Here comes Snap's Q1 2019 earnings...

Evan Spiegel

Getty

Snap, the parent company of photo-sharing app Snapchat, announces its Q1 2019 earnings on Tuesday.

Earlier in April, research firm Emarketer predicted that Snapchat's US userbase could shrink for the first time this year, as it faces sustained pressure from Facebook-owned Instagram, and suffers in the wake of a widely-criticized redesign in 2018.Advertisement

The results cross after 4 p.m. ET / 1 p.m. PT, and the company's stock is currently hovering around $12 a share - up more than 100% from lows of less than $5 around December 2018.

Here are the key numbers Wall Street is expecting, via Bloomberg:

  • Earnings per share (GAAP): $-0.21 predicted, up 28.3% year-on-year
  • Revenue: $307.4 million predicted, up 33.3% year-on-year
  • Operating profit: $-205.2 million predicted
Business Insider is covering Snap's earnings live. Refresh this page for updates.
Advertisement


Got a tip? Contact this reporter via encrypted messaging app Signal at +1 (650) 636-6268 using a non-work phone, email at rprice@businessinsider.com, Telegram or WeChat at robaeprice, or Twitter DM at @robaeprice. (PR pitches by email only, please.) You can also contact Business Insider securely via SecureDrop.

Get the latest Snap stock price here.
{{}}