secwatch.observer — SEC 8-K summary
======================================

Issuer:     Snap Inc (SNAP)
CIK:        0001564408
Form:       8-K
Filed at:   2022-02-03T23:59:59+00:00
Accession:  0001564590-22-003826
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Snap Q4 revenue $1.3B (+42% YoY), first positive net income of $22.6M; DAUs 319M (+20%)
--------------------------------------------------------------------------------

- Q4 revenue $1.298B (+42% YoY); full-year revenue $4.117B (+64% YoY).
- First quarter of positive net income as public company: $22.6M vs ($113M) loss in Q4 2020.
- Adjusted EBITDA $327M (+97% YoY); operating cash flow $186M, free cash flow $161M.
- Daily Active Users grew 20% YoY to 319M; 5th consecutive quarter of 20%+ DAU growth.
- Full-year net loss improved 48% to $488M; first full year of positive operating and free cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564408/000156459022003826/0001564590-22-003826-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564408/000156459022003826/snap-8k_20220203.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-003826

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