{"schema_version":"secwatch.filing_event.v1","accession":"0001564408-23-000036","form_type":"8-K","ticker":"SNAP","cik":"0001564408","company_name":"Snap Inc","filed_at":"2023-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.340281+00:00","generated_at":"2026-06-13T03:06:51.753536+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Snap Q2 revenue falls 4% YoY to $1.07B; guides Q3 revenue down 5% to flat","bullets":["Net loss narrowed to $377M ($0.24/shr) from $422M; adjusted EBITDA was -$38M vs +$7M a year ago.","Daily active users rose 14% YoY to 397M; Snapchat+ subscribers exceeded 4M.","Q3 revenue forecast $1,070-$1,130M (negative 5% to flat YoY); adj. EBITDA seen at -$50M to -$100M.","Infrastructure costs per DAU estimated at $0.79-$0.84 in Q3; modest sequential headcount growth expected.","Ad platform transition cited; purchase conversions up >30% QoQ but forward visibility limited."],"urls":{"canonical":"https://secwatch.observer/filing/0001564408-23-000036","json":"https://secwatch.observer/filing/0001564408-23-000036.json","markdown":"https://secwatch.observer/filing/0001564408-23-000036.md","text":"https://secwatch.observer/filing/0001564408-23-000036.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1564408/000156440823000036/0001564408-23-000036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1564408/000156440823000036/snap-20230725.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T03:06:51.753536+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":"3b944da3f9f09a24f8e9db1b233a2193c8d30bf2","claim":"Snap Inc reported three months ended June 30, 2023 results: revenue Revenue was $1,068 million, net income Net loss was $377 million, EPS Diluted net loss per share attributable to common stockholders $ (0.24).","evidence_excerpt":"--- EX-99.1 (EX-99.1) --- Snap Inc. Announces Second Quarter 2023 Financial Results Daily Active Users increased 14% year-over-year to 397 million Second quarter revenue was $1,068 million Trailing twelve months operating cash flow was $250 million Trailing twelve months Free Cash Flow was $81 million SANTA MONICA, Calif. – July 25, 2023 – Snap Inc. (NYSE: SNAP)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1564408/000156440823000036/0001564408-23-000036-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended June 30, 2023"},{"label":"Revenue","value":"Revenue was $1,068 million"},{"label":"Net income","value":"Net loss was $377 million"},{"label":"EPS","value":"Diluted net loss per share attributable to common stockholders $ (0.24)"},{"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"}