secwatch.observer — SEC 8-K summary
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Issuer:     Snap Inc (SNAP)
CIK:        0001564408
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001564408-24-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Snap Q2 revenue $1.24B (+16% YoY), net loss narrows 34%, adjusted EBITDA turns positive to $55M, DAU 432M
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- Revenue $1.24B (+16% YoY); net loss $249M vs $377M prior year; adj EBITDA $55M vs -$38M.
- DAU 432M (+9% YoY); Snapchat+ subscribers 11M; total active advertisers more than doubled YoY.
- Advertising revenue $1.13B (+10%); DR up 16%, brand-oriented down 1%; Other revenue $105M (+151%).
- Q3 guidance: revenue $1,335-1,375M (12-16% growth); adj EBITDA $70-100M; DAU ~441M.
- CAPI integrations grew over 300% YoY; global time spent watching content +25% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564408/000156440824000047/0001564408-24-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564408/000156440824000047/snap-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001564408-24-000047

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