Snap reports Q4 revenue $1.36B (+5% YoY), DAUs up to 414M; Q1 guidance implies Adj. EBITDA loss

Snap Inc

2023-FY EPS reported -$0.82 revenue$4,606,115,000

Q4 revenue $1,361M (+5% YoY), net loss $248M (improved 14%), adjusted EBITDA $159M (-32% YoY).
DAUs reached 414M (+10% YoY); Snapchat+ subscribers >7M; Spotlight time spent >+175% YoY.
Full-year revenue $4,606M (flat), net loss $1,322M (improved 7%), adjusted EBITDA $162M (-57% YoY).
Q1 2024 guidance: revenue $1,095-1,135M (+11-15%); Adj. EBITDA loss of $55-95M.
Diluted GAAP EPS ($0.15); non-GAAP EPS $0.08 (down 43%). Op. cash flow $165M, FCF $111M (both +YoY).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Snap Inc reported quarter and full year ended December 31, 2023 results: revenue Revenue was $4,606 million in 2023, compared to $4,602 million in 2022., net income Net loss was $1,322 million in 2023, compared to $1,430 million in 2022..

Period: quarter and full year ended December 31, 2023
Revenue: Revenue was $4,606 million in 2023, compared to $4,602 million in 2022.
Net income: Net loss was $1,322 million in 2023, compared to $1,430 million in 2022.
Result: reported results

Exact text from the filing

Snap Inc. (NYSE: SNAP) today announced financial results for the quarter and full year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001564408-24-000017

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