{"schema_version":"secwatch.filing_event.v1","accession":"0001564408-23-000024","form_type":"8-K","ticker":"SNAP","cik":"0001564408","company_name":"Snap Inc","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.409624+00:00","generated_at":"2026-06-16T08:56:00.055745+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Snap Q1 FY23 revenue down 7% YoY to $989M; DAU up 15% to 383M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001564408-23-000024","json":"https://secwatch.observer/filing/0001564408-23-000024.json","markdown":"https://secwatch.observer/filing/0001564408-23-000024.md","text":"https://secwatch.observer/filing/0001564408-23-000024.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1564408/000156440823000024/0001564408-23-000024-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1564408/000156440823000024/snap-20230427.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T08:56:00.055745+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"df4ce6ad10a98f7675b01e18cfa3a1e2406495fb","claim":"Snap Inc reported the three months ended March 31, 2023 results: revenue $ 988,608, net income $ (328,674), EPS $ (0.21).","evidence_excerpt":"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 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1564408/000156440823000024/0001564408-23-000024-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Revenue","value":"$ 988,608"},{"label":"Net income","value":"$ (328,674)"},{"label":"EPS","value":"$ (0.21)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}