secwatch.observer — SEC 8-K summary
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Issuer:     Snap Inc (SNAP)
CIK:        0001564408
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001564408-24-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564408/000156440824000017/0001564408-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564408/000156440824000017/snap-20240206.htm
  HTML page:      https://secwatch.observer/filing/0001564408-24-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer