Snap Q3 revenue $1.37B (+15% YoY); net loss improves 58%; authorizes $500M buyback

Snap Inc

2024-Q3 EPS reported -$0.43 revenue$3,804,115,000

DAUs 443M (+9% YoY); revenue $1.37B (+15% YoY); net loss $153M, improved 58% from $368M.
Adjusted EBITDA $132M vs $40M prior year (+229%); Free Cash Flow $72M vs -$61M prior year.
Non-GAAP diluted EPS $0.08 vs $0.02 YoY; operating loss $173M, improved 54%.
Board authorized $500M share repurchase program over 12 months, to offset dilution from RSUs.
Snapchat+ subscribers >12M, more than doubled YoY; Other Revenue $123M (+100%+).

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