secwatch.observer — SEC 8-K summary
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Issuer:     Snap Inc (SNAP)
CIK:        0001564408
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0001564408-23-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564408/000156440823000010/0001564408-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564408/000156440823000010/snap-20230131.htm
  HTML page:      https://secwatch.observer/filing/0001564408-23-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer