---
schema_version: "secwatch.filing_event.v1"
accession: "0001564408-23-000010"
form_type: "8-K"
ticker: "SNAP"
cik: "0001564408"
company_name: "Snap Inc"
filed_at: "2023-01-31T23:59:59+00:00"
generated_at: "2026-06-20T05:23:19.079961+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Snap Q4 revenue flat at $1.3B, net loss $288M; DAUs up 17% to 375M; no Q1 guidance

## Summary
- Revenue of $1.30B (flat YoY); full-year revenue $4.60B (+12% YoY).
- Net loss $288M in Q4 (vs net income $23M a year ago); full year net loss $1.43B ($0.89 diluted loss per share).
- Adjusted EBITDA $233M, down 29% YoY; free cash flow $78M, down 51%.
- Daily Active Users 375M (+17% YoY); Snapchat+ subscribers exceeded 2M.
- No Q1 2023 revenue or adjusted EBITDA guidance provided due to operating environment uncertainties.

## SEC filing metadata
- accession: 0001564408-23-000010
- form_type: 8-K
- ticker: SNAP
- cik: 0001564408
- company_name: Snap Inc
- filed_at: 2023-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1564408/000156440823000010/0001564408-23-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1564408/000156440823000010/snap-20230131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564408-23-000010
- JSON: https://secwatch.observer/filing/0001564408-23-000010.json
- Plain text: https://secwatch.observer/filing/0001564408-23-000010.txt

## Key facts
- Earnings Releases
  Snap Inc reported the twelve months ended December 31, 2022 results: revenue $4.6 billion, net income $1,430 million, EPS $(0.89).
  - Period: the twelve months ended December 31, 2022
  - Revenue: $4.6 billion
  - Net income: $1,430 million
  - EPS: $(0.89)
  - Result: reported results
  source text: Annual Financial Summary • Revenue increased 12% to $4.6 billion in 2022, compared to the prior year. • Net loss was $1,430 million in 2022, including restructuring charges of $189 million, compared to $488 million in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1564408/000156440823000010/0001564408-23-000010-index.htm
- Earnings Releases
  Snap Inc reported the three months ended December 31, 2022 results: revenue $1,300 million, net income $288 million, EPS $(0.18).
  - Period: the three months ended December 31, 2022
  - Revenue: $1,300 million
  - Net income: $288 million
  - EPS: $(0.18)
  - Result: reported results
  source text: Q4 2022 Financial Summary • Revenue was $1,300 million, compared to $1,298 million in the prior year. • Net loss was $288 million, including restructuring charges of $34 million, compared to net income of $23 million in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1564408/000156440823000010/0001564408-23-000010-index.htm

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