---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-155861"
form_type: "8-K"
ticker: "SNAP"
cik: "0001564408"
company_name: "Snap Inc"
filed_at: "2026-04-15T23:59:59+00:00"
generated_at: "2026-05-15T06:06:07.055321+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Snap reports Q1 rev ~$1.53B (+12% YoY), adj EBITDA ~$233M; cuts 16% of staff (~1,000 jobs)

## Summary
- Estimated Q1 2026 revenue $1.529B, up 12% YoY; adjusted EBITDA $233M.
- Reducing global headcount by ~16% (~1,000 employees) and closing >300 open roles.
- Expects pre-tax charges of $95M–$130M, majority in Q2 2026; cash spend $75M–$100M.
- Annualized cost base reduction >$500M targeted by H2 2026 to accelerate path to net-income profitability.

## SEC filing metadata
- accession: 0001193125-26-155861
- form_type: 8-K
- ticker: SNAP
- cik: 0001564408
- company_name: Snap Inc
- filed_at: 2026-04-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1564408/000119312526155861/0001193125-26-155861-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1564408/000119312526155861/d36756d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-155861
- JSON: https://secwatch.observer/filing/0001193125-26-155861.json
- Plain text: https://secwatch.observer/filing/0001193125-26-155861.txt

## Key facts
- Earnings Releases
  Snap Inc reported first quarter of 2026 results: revenue $1.529 billion.
  - Period: first quarter of 2026
  - Revenue: $1.529 billion
  - Result: preliminary results
  source text: we posted an Investor Update presentation to our Investor Relations website at investor.snap.com, which includes, among other things, updated financial outlook information for the first quarter of 2026. In the presentation, we disclosed estimated total revenue of approximately $1.529 billion, representing 12% growth year-over-year, and estimated adjusted EBITDA of approximately $233 million, in each case for the first quarter of 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1564408/000119312526155861/0001193125-26-155861-index.htm
- Restructurings & Charges
  Snap Inc announced a restructuring with charges of $95 million to $130 million (approximately 16% of our global full-time employees).
  - Type: restructuring
  - Charge: $95 million to $130 million
  - Headcount: approximately 16% of our global full-time employees
  source text: increased operational efficiencies to accelerate our path toward net-income profitability. As a result, we currently estimate that we will incur pre-tax charges in the range of $95 million to $130 million, primarily consisting of severance and related costs, contract termination costs, and other impairment charges, of which $75 million to $100 million are expected
  evidence_url: https://www.sec.gov/Archives/edgar/data/1564408/000119312526155861/0001193125-26-155861-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.