Snap Q1 revenue $1.195B (+21%), net loss narrows to $305M; Q2 rev guidance $1.225-1.255B

Snap Inc

2024-Q1 EPS reported -$0.19 revenue$1,194,773,000

Revenue $1,195M, +21% YoY; net loss $305M improved from $329M; operating cash flow $88M.
Adjusted EBITDA $46M vs $1M YoY; free cash flow $38M vs $103M.
DAU 422M (+10% YoY); Snapchat+ subscribers >9M, more than tripled YoY.
Q2 outlook: DAU ~431M; rev $1,225-1,255M (15-18% YoY); adj EBITDA $15-45M.
SMB advertisers +85% YoY; DR ad revenue +17% YoY; ARPU improvement in all regions.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Snap Inc reported the three months ended March 31, 2024 results: revenue $1,195 million, EPS (0.19) per share.

Period: the three months ended March 31, 2024
Revenue: $1,195 million
EPS: (0.19) per share
Result: reported results

Exact text from the filing

language in such filing. --- EX-99.1 (EX-99.1) --- Snap Inc. Announces First Quarter 2024 Financial Results First quarter revenue increased 21% year-over-year to $1,195 million Daily Active Users increased 10% year-over-year to 422 million First quarter operating cash flow of $88 million and Free Cash Flow of $38 million SANTA MONICA, Calif. – April 25,

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Source: SEC EDGAR

accession 0001564408-24-000030

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