---
schema_version: "secwatch.filing_event.v1"
accession: "0001564408-23-000050"
form_type: "8-K"
ticker: "SNAP"
cik: "0001564408"
company_name: "Snap Inc"
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T14:05:23.955633+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Snap Q3 revenue up 5% to $1.19B, net loss $368M; COO retiring; $500M buyback

## Summary
- Q3 revenue $1.189B (+5% YoY); net loss $368M (vs $360M prior); Adjusted EBITDA $40M (vs $73M prior).
- Daily Active Users 406M (+12% YoY); Spotlight time up >200%; Snapchat+ subscribers >5M.
- COO Jerry Hunter to retire by July 1, 2024; duties transitioned by end of month.
- Board authorized $500M stock buyback over 12 months; funded from $3.6B cash.
- Q4 outlook: no formal guidance due to war uncertainty; internal forecast revenue $1.32-1.375B, adj. EBITDA $65-105M.

## SEC filing metadata
- accession: 0001564408-23-000050
- form_type: 8-K
- ticker: SNAP
- cik: 0001564408
- company_name: Snap Inc
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1564408/000156440823000050/0001564408-23-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1564408/000156440823000050/snap-20231020.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564408-23-000050
- JSON: https://secwatch.observer/filing/0001564408-23-000050.json
- Plain text: https://secwatch.observer/filing/0001564408-23-000050.txt

## Key facts
- Executive change
  Jerry Hunter departed as Chief Operating Officer at Snap Inc.
  - Action: retire
  - Role: Chief Operating Officer
  source text: On October 20, 2023, Jerry Hunter, our Chief Operating Officer, notified us that he will retire on July 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1564408/000156440823000050/0001564408-23-000050-index.htm

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