Snap sees Q1 DAU 382M-384M, expects adjusted EBITDA breakeven in Q1

"As we look forward to Q1, we expect to continue to deliver strong growth in our global community and, as a result, we anticipate DAU will be between 382 and 384 million in Q1 2023. On the monetization side, we anticipate that the operating environment will remain challenging, as we expect the headwinds we have faced over the past year to persist throughout Q1. In addition, we expect to introduce a number of new improvements and optimizations to our DR platform that we believe will drive improvement for our partners and our business over time, but that may be disruptive to auction dynamics in the near term, especially given the weak demand environment, as discussed in more detail above. As a result, we’ve observed a year-over-year decline in revenue of approximately 7% quarter-to-date. Our internal forecast assumes revenue will be between -10% to -2% year-over year in Q1. Given the work we have completed to reprioritize our cash cost structure, we believe we have a path to adjusted EBITDA breakeven in Q1."