Snap Q3 revenue up 6% to $1.13B; net loss widens to $360M; announces $500M buyback

Snap Inc

2022-Q3 EPS reported -$0.70 revenue$3,302,112,000

Revenue $1,128M (+6% YoY); DAUs 363M (+19% YoY).
Net loss $360M (incl. $155M restructuring) vs $72M loss prior year; Adj EBITDA $73M vs $174M.
Board authorized $500M stock buyback over next 12 months; $4.4B cash on hand.
No Q4 revenue or adjusted EBITDA guidance provided due to uncertain environment.
Spotlight time spent +55% YoY; Snapchat+ subscribers over 1.5M.

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