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]

Snap (SNAP) closed the latest trading day at $13.45, indicating a -0.96% change from the previous session's end. The stock's change was less than the S&P 500's daily loss of 0.51%. Elsewhere, the Dow saw an upswing of 0.2%, while the tech-heavy Nasdaq depreciated by 0.93%.The company behind Snapchat's shares have seen a decrease of 19.02% over the last month, not keeping up with the Computer and Technology sector's loss of 2.41% and the S&P 500's loss of 0.26%.Market participants will be closely following t ...

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Snap (SNAP) closed at $16.21 in the latest trading session, marking a +0.19% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.28%. On the other hand, the Dow registered a gain of 0.53%, and the technology-centric Nasdaq increased by 0.4%.Shares of the company behind Snapchat have appreciated by 3.78% over the course of the past month, underperforming the Computer and Technology sector's gain of 4.22% and mirroring the S&P 500.Market participants will be closely followi ...

Progress at monetizing a large global user base should be positive for the shares of Snap.Shares of Snap (SNAP -1.16%) have not been for the fainthearted, crashing at the start of the year only to surge back higher following a better-than-expected first-quarter update. Consistent profitability has been elusive for the social media and tech platform, but growth remains positive with encouraging signs of improving monetization.There are plenty of reasons for investors to be skeptical of Snap, with the stock h ...

Revenue growth could be surprisingly good. But what about profits?Social media and technology company Snap (SNAP 0.54%) has reported financial results two times so far in 2024. The first time, the stock was absolutely hammered as investors worried about its growth. The second time, the stock skyrocketed as the company reported growth that surpassed expectations. The net result is that returns for Snap stock are basically flat year to date.Over the last five years, returns for Snap stock have been basically ...

In the latest market close, Snap (SNAP) reached $16.50, with a +0.73% movement compared to the previous day. This change outpaced the S&P 500's 0.1% gain on the day. Meanwhile, the Dow experienced a drop of 0.08%, and the technology-dominated Nasdaq saw an increase of 0.28%.Prior to today's trading, shares of the company behind Snapchat had gained 5.07% over the past month. This has lagged the Computer and Technology sector's gain of 8.41% and outpaced the S&P 500's gain of 4.08% in that time.Investors will ...

SAN FRANCISCO, July 01, 2024 (GLOBE NEWSWIRE) -- Snap and Samba TV, a leading provider of TV technology for audience data and omniscreen measurement, have announced new research results that show how Snapchat campaigns have a significant impact in driving audiences to watch new shows and stream movies. By tapping into Snapchat’s passionate audience of over 800 million monthly active users, the analysis showed that Snapchat campaigns perform strongly by converting audiences into viewers after they were expos ...

In the latest market close, Snap (SNAP) reached $16.61, with a +0.24% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.41%. On the other hand, the Dow registered a loss of 0.12%, and the technology-centric Nasdaq decreased by 0.71%.Coming into today, shares of the company behind Snapchat had gained 9.23% in the past month. In that same time, the Computer and Technology sector gained 6.52%, while the S&P 500 gained 3.53%.Analysts and investors alike wi ...

Snap Inc. (SNAP) announced a new suite of safety tools designed to protect its community from online harms. The updates include expanded in-app warnings that notify teens when they receive messages from potentially risky accounts, enhanced friending protections to make it harder for strangers to contact users and simplified location-sharing options.Additionally, Snapchat is improving its blocking tools to prevent repeat harassment from bad actors who create new accounts. The platform will now block new frie ...