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

Issuer:     Snap Inc (SNAP)
CIK:        0001564408
Form:       8-K
Filed at:   2022-10-20T23:59:59+00:00
Accession:  0001564590-22-034752
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564408/000156459022034752/0001564590-22-034752-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564408/000156459022034752/snap-8k_20221020.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-034752

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