{"schema_version":"secwatch.filing_event.v1","accession":"0001564408-25-000028","form_type":"8-K","ticker":"SNAP","cik":"0001564408","company_name":"Snap Inc","filed_at":"2025-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.785457+00:00","generated_at":"2026-05-23T03:48:07.149570+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Snap Q1 revenue +14% to $1.36B; DAU 460M; net loss narrows 54% to $140M","bullets":["Revenue $1,363M, up 14% YoY; advertising rev $1,211M (DR +14%, brand -3%); Other Rev $152M (+75%, Snapchat+ subscribers ~15M).","Net loss $140M (improved 54% YoY from $305M); Adjusted EBITDA $108M (+137% YoY); Free Cash Flow $114M.","DAU 460M (+9% YoY); North America flat at 99M; Europe +3M to 99M; Rest of World +36M to 262M.","Issued $1.5B senior notes 6.875% due 2033; used proceeds to repurchase $1.44B of convertible notes.","Sponsored Snaps biddable testing contributed <$10M revenue in Q1; total active advertisers +60% YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0001564408-25-000028","json":"https://secwatch.observer/filing/0001564408-25-000028.json","markdown":"https://secwatch.observer/filing/0001564408-25-000028.md","text":"https://secwatch.observer/filing/0001564408-25-000028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1564408/000156440825000028/0001564408-25-000028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1564408/000156440825000028/snap-20250429.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T03:48:07.149570+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}