Snap Q1 revenue up 12% to $1.53B, net loss narrows to $89M, Adj EBITDA $233M

Snap Inc

2026-Q1 EPS reported -$0.05 revenue$1,528,791,000

Revenue $1,529M (+12% YoY); Advertising $1.24B (+3%), Other Revenue $285M (+87%).
Net loss $89M (vs $140M loss); Adj EBITDA $233M (+115%); FCF $286M (+150%).
Global DAU 483M (+5% YoY), MAU 956M (+5%); Spotlight time spent +11% YoY.
SMB ad spend in NA grew >30% YoY; large NA advertisers remain a headwind but early signs of improvement.
Q2 outlook discussed on call; FY2026 gross margin target of 60%+ remains on track.

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