---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-026167"
form_type: "8-K"
ticker: "SNAP"
cik: "0001564408"
company_name: "Snap Inc"
filed_at: "2022-07-21T23:59:59+00:00"
generated_at: "2026-06-24T09:58:33.250428+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Snap Q2 revenue +13% to $1.11B, net loss widens to $422M; $500M buyback, special dividend tied to $40 stock

## Summary
- Q2 revenue $1.111B (+13% YoY); net loss $422M vs $152M loss in prior year; adjusted EBITDA $7M down 94%.
- DAUs reached 347M (+18% YoY); Spotlight time spent grew 59% YoY.
- Board authorized $500M stock repurchase program over 12 months.
- Special dividend of one Class A share per common share, conditioned on 65-day VWAP ≥$40 (deadline July 21, 2032).
- Co-founders Spiegel and Murphy sign employment agreements through Jan 2027 with $1 salary, no equity grants; agree to convert super-voting shares on dividend sales.

## SEC filing metadata
- accession: 0001564590-22-026167
- form_type: 8-K
- ticker: SNAP
- cik: 0001564408
- company_name: Snap Inc
- filed_at: 2022-07-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 5.02, 5.03, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1564408/000156459022026167/0001564590-22-026167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1564408/000156459022026167/snap-8k_20220719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-026167
- JSON: https://secwatch.observer/filing/0001564590-22-026167.json
- Plain text: https://secwatch.observer/filing/0001564590-22-026167.txt

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