---
schema_version: "secwatch.filing_event.v1"
accession: "0001564408-26-000024"
form_type: "8-K"
ticker: "SNAP"
cik: "0001564408"
company_name: "Snap Inc"
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:39:03.672476+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001564408-26-000024
- form_type: 8-K
- ticker: SNAP
- cik: 0001564408
- company_name: Snap Inc
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1564408/000156440826000024/0001564408-26-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1564408/000156440826000024/snap-20260506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564408-26-000024
- JSON: https://secwatch.observer/filing/0001564408-26-000024.json
- Plain text: https://secwatch.observer/filing/0001564408-26-000024.txt

## Key facts
- Earnings Releases
  Snap Inc reported the quarter ended March 31, 2026 results: revenue $1,529 million, net income $89 million, EPS $ (0.05).
  - Period: the quarter ended March 31, 2026
  - Revenue: $1,529 million
  - Net income: $89 million
  - EPS: $ (0.05)
  - Result: reported results
  source text: Revenue was $1,529 million, compared to $1,363 million in the prior year, an increase of 12% year-over-year. • Net loss was $89 million, compared to $140 million in the prior year. • Adjusted EBITDA was $233 million, compared to $108 million in the prior year. • Operating cash flow was $327 million, compared to $152 million in the prior year. • Free Cash Flow was $286 million, compared to $114 million in the prior year. Three Months Ended March 31, Percent Change 2026 2025 (Unaudited) (dollars in thousands, except per share amounts) Revenue $ 1,528,791 $ 1,363,217 12 % Operating loss $ (74,449) $ (193,846) 62 % Net loss $ (88,951) $ (139,587) 36 % Adjusted EBITDA (1) $ 233,333 $ 108,425 115 % Net cash provided by operating activities $ 326,779 $ 151,610 116 % Free Cash Flow (2) $ 286,007 $ 114,396 150 % Diluted net loss per share attributable to common stockholders $ (0.05) $ (0.08) 38 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1564408/000156440826000024/0001564408-26-000024-index.htm

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