---
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"
generated_at: "2026-05-23T03:48:07.149570+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Snap Q1 revenue +14% to $1.36B; DAU 460M; net loss narrows 54% to $140M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564408-25-000028
- JSON: https://secwatch.observer/filing/0001564408-25-000028.json
- Plain text: https://secwatch.observer/filing/0001564408-25-000028.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.