Snap Q1 FY23 revenue down 7% YoY to $989M; DAU up 15% to 383M

Snap Inc

2023-Q1 EPS reported -$0.21 revenue$988,608,000

Net loss narrowed to $329M (diluted EPS -$0.21) from $360M loss in prior year.
Adjusted EBITDA tumbled 99% to $1M from $64M; operating loss widened 35% to $365M.
Free cash flow $103M, down 3% YoY; no formal Q2 FY23 revenue or EBITDA guidance provided.
Spotlight time spent grew >170% YoY; Snapchat+ exceeded 3M paying subscribers.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Snap Inc reported the three months ended March 31, 2023 results: revenue $ 988,608, net income $ (328,674), EPS $ (0.21).

Period: the three months ended March 31, 2023
Revenue: $ 988,608
Net income: $ (328,674)
EPS: $ (0.21)
Result: reported results

Exact text from the filing

Three Months Ended March 31, Percent Change 2023 2022 (Unaudited) (in thousands, except per share amounts) Revenue $ 988,608 $ 1,062,727 (7) % Operating loss $ (365,264) $ (271,527) (35) % Net loss $ (328,674) $ (359,624) 9 % Adjusted EBITDA (1) $ 813 $ 64,468 (99) % Net cash provided by (used in) operating activities $ 151,102 $ 127,459 19 % Free Cash Flow (2) $ 103,472 $ 106,284 (3) % Diluted net loss per share attributable to common stockholders $ (0.21) $ (0.22) 5 %

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Source: SEC EDGAR

accession 0001564408-23-000024

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