other material
confidence high
sentiment negative
materiality 0.80
Snap warns Q2 2022 revenue and adjusted EBITDA will miss low end of guidance due to faster macro deterioration.
Snap Inc
- Macroeconomic environment deteriorated further and faster than anticipated since April 21, 2022 guidance.
- Expects Q2 2022 revenue and adjusted EBITDA below low end of prior guidance range.
- Reiterates long-term growth opportunity, strong community engagement, and ARPU growth potential.