This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Snapchat parent Snap has yet to make a profit as it battles with Meta and Google for online ad revenue. Snap shares plunged more than 16 percent on Thursday when a disappointing financial outlook eclipsed a rise in users of the image-centric social network Snapchat. California-based Snap said its loss in the recently-ended qua ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Q2 2024 Earnings Slides August 1, 2024 Forward-Looking Statements & Non-GAAP Financial Measures This presentation contains forward-looking statements about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this presentation, including statements regarding guidance, our future results of operations or financial condition, future stock repurchase programs or stock dividends, business strategy and plans, user growth and e ...

Snap Inc. (NYSE:SNAP) Q2 2024 Earnings Conference Call August 1, 2024 5:30 PM ET Company Participants David Ometer - Head, Investor Relations Evan Spiegel - Chief Executive Officer & Co-Founder Derek Andersen - Chief Financial Officer Conference Call Participants Kenneth Gawrelski - Wells Fargo Daniel Salmon - New Street Research Richard Greenfield - Lightshed Partners Eric Sheridan - Goldman Sachs Operator Good afternoon, everyone, and welcome to Snap Incorporated’s Second Quarter 2024 Earnings Conference ...

For the quarter ended June 2024, Snap (SNAP) reported revenue of $1.24 billion, up 15.8% over the same period last year. EPS came in at $0.02, compared to -$0.02 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.25 billion, representing a surprise of -1.29%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.02.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to________ Commission File Number: 001-38017 __________ ...

Snap (SNAP) came out with quarterly earnings of $0.02 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company behind Snapchat would post a loss of $0.05 per share when it actually produced earnings of $0.03, delivering a surprise of 160%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Snap, which belongs to the Zacks ...

Shares of Snapchat parent Snap fell sharply after market as earnings for the June quarter fell short of Wall Street estimates. Revenue of $1.24 billion was up 16% from the year earlier quarter, but below expectations. Losses narrowed to $249 million from $377 million. Daily active users of 432 million were up 9%. “Our community grew to reach more than 850 million monthly active users in Q2, with more than 11 million Snapchat+ subscribers,” said CEO Evan Spiegel. “We continued to scale our advertising platf ...

Evan Spiegel, co-founder and chief executive officer of Snap Inc., during the Bloomberg Technology Summit in San Francisco, California, US, on Thursday, May 9, 2024.Snap shares fell over 20% in extended trading on Thursday after the company reported issued guidance for the third quarter that trailed analyst estimates. Here are the results:Earnings: $0.02 a share adjusted vs. $0.02 per share expected, according to LSEGRevenue: $1.24 billion vs. $1.25 billion expected, according to LSEG Global daily active us ...

Revenue Growth - Q2 2024 revenue increased 16% year-over-year to $1,237 million[1][2] - Revenue for Q2 2024 was $1.07 billion, compared to $1.07 billion in Q2 2023[25] - Revenue in Q2 2024 reached $1.236768 billion, a 16% increase YoY[40] - North America revenue in Q2 2024 was $767.560 million, up 12% YoY[40] - Europe revenue in Q2 2024 grew 26% YoY to $229.835 million[40] - Rest of World revenue in Q2 2024 increased 20% YoY to $239.373 million[40] User Metrics - Daily Active Users (DAUs) grew 9% year-over-year to 432 million in Q2 2024[1][4] - Monthly Active Users (MAUs) surpassed 850 million in Q2 2024[1][4] - Snapchat+ subscribers reached 11 million in Q2 2024[1][6] - DAU increased to 432 million in Q2 2024, up 9% YoY[41] - North America DAU remained flat at 100 million in Q2 2024, with a YoY decline of 1%[41] - Europe DAU grew to 97 million in Q2 2024, up 3% YoY[41] - Rest of World DAU reached 235 million in Q2 2024, up 16% YoY[41] Financial Performance - Net loss improved 34% year-over-year to $249 million[1][2] - Adjusted EBITDA improved 243% year-over-year to $55 million[1][2] - Net loss for Q2 2024 was $248.62 million, compared to $377.31 million in Q2 2023[22] - Operating loss for Q2 2024 was $253.98 million, compared to $404.34 million in Q2 2023[25] - Adjusted EBITDA in Q2 2024 was $54.977 million, a 243% increase YoY[40] - Operating loss in Q2 2024 improved by 37% YoY to $253.975 million[40] - Net loss for the six months ended June 30, 2024, was $(553,710), compared to $(705,982) in the same period in 2023[33] - Non-GAAP net income for the six months ended June 30, 2024, was $82,479, compared to a Non-GAAP net loss of $(13,030) in the same period in 2023[38] - Non-GAAP diluted net income per share for the six months ended June 30, 2024, was $0.05, compared to $(0.01) in the same period in 2023[38] Cash Flow and Liquidity - Cash and cash equivalents at the end of Q2 2024 were $1.06 billion, down from $1.78 billion at the end of 2023[28] - Marketable securities at the end of Q2 2024 were $2.02 billion, up from $1.76 billion at the end of 2023[28] - Net cash provided by operating activities for Q2 2024 was -$21.38 million, compared to -$81.94 million in Q2 2023[22] - Free Cash Flow for the six months ended June 30, 2024, was $(35,535), compared to $(15,407) for the same period in 2023[33] - Free Cash Flow in Q2 2024 was negative $73.439 million, a 38% improvement YoY[40] - Net cash provided by operating activities in Q1 2024 was $88.352 million, a decrease of 21.377% YoY[40] Balance Sheet and Equity - Total current assets at the end of Q2 2024 were $4.42 billion, down from $4.98 billion at the end of 2023[28] - Total liabilities at the end of Q2 2024 were $5.35 billion, down from $5.55 billion at the end of 2023[29] - Total stockholders' equity decreased to $2,066,722 at June 30, 2024, from $2,414,112 at December 31, 2023[30] - Total liabilities and stockholders' equity decreased to $7,420,039 at June 30, 2024, from $7,967,758 at December 31, 2023[30] Expenses and Compensation - Stock-based compensation for Q2 2024 was $259.31 million, compared to $317.94 million in Q2 2023[22] - Purchases of property and equipment for Q2 2024 were $52.06 million, compared to $36.94 million in Q2 2023[22] - Total stock-based compensation expense for the six months ended June 30, 2024, was $523,063, down from $632,874 in the same period in 2023[37] - Research and development stock-based compensation expense for the six months ended June 30, 2024, was $345,984, down from $437,415 in the same period in 2023[37] - Total depreciation and amortization expense for the six months ended June 30, 2024, was $79,643, up from $74,908 in the same period in 2023[34] - Purchases of property and equipment in Q2 2024 were $52.062 million, a 41% increase YoY[40] - Total stock-based compensation expense was $259.31 million in Q2 2024, down 18% YoY[41] ARPU and Employee Metrics - ARPU increased to $2.86 in Q2 2024, up 6% YoY[41] - North America ARPU rose to $7.67 in Q2 2024, up 12% YoY[41] - Europe ARPU grew to $2.36 in Q2 2024, up 22% YoY[41] - Rest of World ARPU was $1.02 in Q2 2024, up 4% YoY[41] - Total employees decreased to 4,719 in Q2 2024, down 11% YoY[41] Future Guidance - Q3 2024 revenue guidance is projected to be between $1,335 million and $1,375 million, implying 12% to 16% year-over-year growth[8] - Q3 2024 Adjusted EBITDA is estimated to be between $70 million and $100 million[8] Marketing and Technology - Snapchat campaigns including AR drove 5x more active attention compared to industry peers[7] - Conversions API (CAPI) integrations grew over 300% year-over-year[6] Share Metrics - Total common shares outstanding plus shares underlying stock-based awards in Q2 2024 was 1.798135 billion, a 2% increase YoY[40]