{"schema_version":"secwatch.filing_event.v1","accession":"0001564408-25-000063","form_type":"8-K","ticker":"SNAP","cik":"0001564408","company_name":"Snap Inc","filed_at":"2025-11-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.752308+00:00","generated_at":"2026-05-17T00:17:03.623093+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Snap Q3 revenue +10% to $1.51B, net loss narrows; expects DAU may decline in Q4","bullets":["Q3 revenue $1,507M (+10% YoY), net loss $104M (down from $153M), Adj. EBITDA $182M (+38% YoY).","DAU 477M (+8% YoY), MAU 943M (+7% YoY); warns DAU may fall in Q4 due to age verification and monetization tradeoffs.","Board authorized $500M stock repurchase program over 12 months to offset dilution.","Direct response ad revenue +8% YoY; Other Revenue (Snapchat+) $190M (+54%); FCF $93M.","Cash & marketable securities $3.0B; management expects negative engagement impacts from new regulations."],"urls":{"canonical":"https://secwatch.observer/filing/0001564408-25-000063","json":"https://secwatch.observer/filing/0001564408-25-000063.json","markdown":"https://secwatch.observer/filing/0001564408-25-000063.md","text":"https://secwatch.observer/filing/0001564408-25-000063.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1564408/000156440825000063/0001564408-25-000063-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1564408/000156440825000063/snap-20251105.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:17:03.623093+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"}