secwatch.observer — SEC 8-K summary
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Issuer:     Snap Inc (SNAP)
CIK:        0001564408
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001564408-24-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564408/000156440824000030/0001564408-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564408/000156440824000030/snap-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001564408-24-000030

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