secwatch.observer — SEC 8-K summary
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Issuer:     Snap Inc (SNAP)
CIK:        0001564408
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001564408-24-000058
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564408/000156440824000058/0001564408-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564408/000156440824000058/snap-20241029.htm
  HTML page:      https://secwatch.observer/filing/0001564408-24-000058

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