secwatch.observer — SEC 8-K summary
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Issuer:     Snap Inc (SNAP)
CIK:        0001564408
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001564408-26-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564408/000156440826000024/0001564408-26-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564408/000156440826000024/snap-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001564408-26-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer