---
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"
generated_at: "2026-06-13T03:06:51.753536+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Snap Q2 revenue falls 4% YoY to $1.07B; guides Q3 revenue down 5% to flat

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564408-23-000036
- JSON: https://secwatch.observer/filing/0001564408-23-000036.json
- Plain text: https://secwatch.observer/filing/0001564408-23-000036.txt

## Key facts
- Earnings Releases
  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).
  - Period: three months ended June 30, 2023
  - 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)
  - Result: reported results
  source text: --- 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_url: https://www.sec.gov/Archives/edgar/data/1564408/000156440823000036/0001564408-23-000036-index.htm

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