Snap sees Q1 revenue down 2%-10% y/y, consensus $1.08B

From prepared remarks, the company stated, in part, "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."