Core Insights - Snap has decided to abandon its plans for a simplified version of its app, which was being tested for seven months, and will instead experiment with a refined five-tab interface that retains all existing tabs and enhances access to Spotlight [1][2][3] Group 1: App Design Changes - The initial three-tab design was found to be difficult for power users who frequently utilized the map and stories features, leading to the decision to evolve towards a five-tab design [3] - The new five-tab interface aims to combine the best elements of both the simplified and traditional designs, improving access to Stories and Spotlight [4] Group 2: User Engagement and Metrics - Snap reported a loss of 1 million users in North America, with daily active users (DAUs) dropping to 99 million from 100 million in the previous quarter and year [4] - Despite the user loss in North America, Snap's first-quarter revenue reached $1.36 billion, marking a 14% year-over-year increase, driven by the growth of its Snapchat+ subscription service and advertising solutions [5] - The company achieved over 900 million monthly active users (MAUs) globally, with DAUs increasing to 460 million, an increase of 38 million year-over-year [5]

Snapchat parent Snap saw its stock droop in late trade after reporting first-quarter financials accompanied by a dose of realism even as monthly active users hit 900 million in the first quarter of 2025. “Given the uncertainty with respect to how macro economic conditions may evolve in the months ahead, and how this may impact advertising demand more broadly, we do not intend to share formal financial guidance for Q2,” the company said in its letter to shareholders. “While our topline revenue has continued ...

Snap (SNAP) Q1 2025 Earnings Call April 29, 2025 05:00 PM ET Company Participants David Ometer - Head, Investor RelationsEvan Spiegel - CEO and Co-FounderDerek Andersen - Chief Financial OfficerDan Salmon - PartnerBenjamin Black - Co-Head Internet Equity ResearchJustin post - Managing DirectorMark Mahaney - Senior Managing Director Conference Call Participants Thomas Champion - Senior Research AnalystRoss Sandler - AnalystRich Greenfield - Partner, Media & Technology AnalystMark Shmulik - MD, Senior Analyst ...

Financial Performance - Snap reported first-quarter revenue of $1.36 billion, up 14% year-over-year, exceeding the Street consensus estimate of $1.35 billion [1] - The company reported an adjusted loss of 8 cents per share, better than the consensus estimate of a loss of 13 cents per share [1] User Growth - Snap had 460 million daily active users at the end of the first quarter, representing a 9% year-over-year increase [2] - The company surpassed 900 million monthly active users, moving towards its goal of one billion [2] Operational Highlights - Adjusted EBITDA for the quarter was $108 million, reflecting a 137% year-over-year improvement [2] - Active advertisers increased by 60% year-over-year, indicating progress in advertising solutions and Snapchat+ subscriptions [3] Future Outlook - Snap is not providing formal guidance for the second quarter due to macroeconomic uncertainties affecting advertising demand [4] - The company anticipates daily active users to reach 468 million in the second quarter, despite headwinds at the start of the quarter [5] - Snap remains optimistic about its long-term business prospects, focusing on community growth, revenue diversification, and augmented reality [5][6] Stock Performance - Snap's stock fell 12% to $8.00 in after-hours trading, with a 52-week trading range of $7.08 to $17.33 [6] - The stock was up 2.9% to $9.09 during intraday trading [6]

Snap CEO Evan Spiegel speaks during the Semafor World Economy Summit 2025 at Conrad Washington on April 23, 2025 in Washington, DC.Snap reported better-than-expected first-quarter revenue Tuesday but declined to provide guidance, citing macroeconomic uncertainties that could weigh on advertising demand.Shares fell more than 11% in after-hours trading.Here is how the company did compared with Wall Street's expectations:Earnings per share: Loss of 8 cents. That figure is not comparable to analysts' estimates. ...

[Q1 2025 Financial Highlights](index=1&type=section&id=Q1%202025%20Financial%20Summary) Snap Inc. reported strong Q1 2025 results, achieving **$1.36 billion** revenue, significantly reduced net loss, and substantial Adjusted EBITDA growth Q1 2025 Financial Performance vs. Q1 2024 (in millions) | Metric | Q1 2025 | Q1 2024 | % Change | | :--- | :--- | :--- | :--- | | Revenue | $1,363.2 million | $1,194.8 million | 14% | | Net Loss | $(139.6) million | $(305.1) million | 54% improvement | | Adjusted EBITDA | $108.4 million | $45.7 million | 137% | | Net cash from operating activities | $151.6 million | $88.4 million | 72% | | Free Cash Flow | $114.4 million | $37.9 million | 202% | | Diluted net loss per share | $(0.08) | $(0.19) | 58% improvement | - The company's community grew to over **900 million** monthly active users (MAU), marking a significant milestone[3](index=3&type=chunk) - Daily Active Users (DAU) increased by **9%** year-over-year, reaching **460 million**[2](index=2&type=chunk) [Q1 2025 Operational Highlights](index=2&type=section&id=Q1%202025%20Summary%20%26%20Key%20Highlights) Operational highlights include enhanced direct-response advertising, increased Spotlight engagement, significant growth in other revenue, and advancements in AR and Spectacles platforms [Community Engagement](index=2&type=section&id=We%20deepened%20engagement%20with%20our%20community) User engagement deepened with MAU exceeding **900 million** and DAU reaching **460 million**, alongside significant growth in Spotlight posts and My AI usage - Reached over **900 million** monthly active users (MAU) and **460 million** daily active users (DAU), a **9%** YoY increase for DAUs[11](index=11&type=chunk) - The total number of Snap Star Spotlight posts grew by over **125%** year-over-year[11](index=11&type=chunk) - My AI Daily Active Users in the U.S. grew more than **55%** year-over-year due to multimodal improvements[11](index=11&type=chunk) [Revenue Growth and Diversification](index=2&type=section&id=We%20are%20focused%20on%20accelerating%20and%20diversifying%20our%20revenue%20growth) Revenue growth is accelerating through a **60%** YoY increase in active advertisers, improved bidding strategies, and a **75%** YoY surge in other revenue sources - Total active advertisers grew by **60%** year-over-year in Q1[11](index=11&type=chunk) - Other Revenue, the majority of which is from Snapchat+ subscriptions, increased by **75%** year-over-year in Q1[11](index=11&type=chunk) - The company expanded its Agency Partner Program to agencies of all sizes and launched new brand suitability solutions for advertisers[11](index=11&type=chunk) [Augmented Reality (AR) Platform Investment](index=2&type=section&id=We%20invested%20in%20our%20augmented%20reality%20platform) Investments in the AR platform led to advanced AI video Lenses, simplified Lens creation with 'Easy Lens' generating **2 billion** impressions, and doubled Lens Studio downloads - The 'Easy Lens' AI-powered tool, in early testing since mid-December, has been used to create over **10,000** Lenses, generating over **2 billion** impressions[11](index=11&type=chunk) - In Q1, Lens Studio downloads more than **doubled** year-over-year, and its monthly active users reached an all-time high[11](index=11&type=chunk) - New platform capabilities were introduced, including integration with GPS, compass heading, and custom locations to improve location-based AR experiences[11](index=11&type=chunk) [Next-Generation AR for Spectacles](index=2&type=section&id=We%20are%20building%20the%20next-generation%20AR%20operating%20system%20for%20Spectacles) Advancements in Spectacles AR include multiplayer experiences via Connected Lens technology, new developer incentives, and platform enhancements like in-game leaderboards - Niantic's Peridot game was updated to enable a multiplayer AR experience using Snap's Connected Lens technology, connecting Spectacles with the mobile game[11](index=11&type=chunk) - Introduced Spectacles Community Challenges, a new way for developers to win cash prizes for creating high-quality Lenses[11](index=11&type=chunk) - Platform enhancements for Spectacles Lenses include the ability to integrate in-game leaderboards and new hand tracking capabilities[11](index=11&type=chunk) [Q2 2025 Outlook](index=3&type=section&id=Q2%202025%20Outlook) The Q2 2025 outlook will be discussed during the Q1 2025 earnings call and detailed in the investor letter, with no specific quantitative guidance provided - The company will discuss its Q2 2025 outlook during its Q1 2025 Earnings Call and in its investor letter[12](index=12&type=chunk) [Financial Statements](index=6&type=section&id=Financial%20Statements) Consolidated financial statements detail Snap's financial position, showing a **14%** revenue increase, reduced operating loss, and improved operating cash flow [Consolidated Statements of Operations](index=7&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) Q1 2025 revenue grew to **$1.36 billion**, with total costs increasing slightly, resulting in a significantly reduced operating loss and improved net loss Q1 2025 Statement of Operations (in thousands) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Revenue | $1,363,217 | $1,194,773 | | Total costs and expenses | $1,557,063 | $1,528,005 | | Operating loss | $(193,846) | $(333,232) | | Net loss | $(139,587) | $(305,090) | [Consolidated Balance Sheets](index=8&type=section&id=CONSOLIDATED%20BALANCE%20SHEETS) As of March 31, 2025, total assets were **$7.59 billion**, with total liabilities at **$5.28 billion**, resulting in **$2.31 billion** in stockholders' equity Balance Sheet Highlights (in thousands) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total current assets | $4,577,037 | $4,906,757 | | Total assets | $7,589,200 | $7,936,348 | | Total current liabilities | $1,064,437 | $1,243,548 | | Total liabilities | $5,277,865 | $5,485,587 | | Total stockholders' equity | $2,311,335 | $2,450,761 | [Consolidated Statements of Cash Flows](index=6&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) Net cash from operating activities significantly increased to **$151.6 million**, while investing activities provided cash, and financing activities primarily used cash for repurchases Q1 2025 Cash Flows (in thousands) | Cash Flow Activity | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $151,610 | $88,352 | | Net cash provided by (used in) investing activities | $2,754 | $(131,183) | | Net cash provided by (used in) financing activities | $(288,519) | $(675,751) | [Reconciliation of GAAP to Non-GAAP Measures](index=9&type=section&id=RECONCILIATION%20OF%20GAAP%20TO%20NON-GAAP%20FINANCIAL%20MEASURES) Reconciliations are provided for Free Cash Flow, which was **$114.4 million**, and Adjusted EBITDA, which reached **$108.4 million**, to their comparable GAAP measures Q1 Free Cash Flow Reconciliation (in thousands) | Description | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $151,610 | $88,352 | | Less: Purchases of property and equipment | (37,214) | (50,448) | | **Free Cash Flow** | **$114,396** | **$37,904** | Q1 Adjusted EBITDA Reconciliation (in thousands) | Description | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net loss | $(139,587) | $(305,090) | | Stock-based compensation expense | 247,338 | 254,715 | | Depreciation and amortization | 37,715 | 38,098 | | Restructuring charges | — | 70,108 | | Other adjustments | (32,039) | (12,492) | | **Adjusted EBITDA** | **$108,425** | **$45,659** | [Key Business Metrics](index=11&type=section&id=SUPPLEMENTAL%20FINANCIAL%20INFORMATION%20AND%20BUSINESS%20METRICS) Key business metrics show Daily Active Users (DAUs) grew **9%** to **460 million**, primarily driven by the Rest of World region, and Average Revenue Per User (ARPU) increased **5%** Daily Active Users (DAU) by Region (in millions) | Region | Q1 2025 | Q1 2024 | YoY Change | | :--- | :--- | :--- | :--- | | North America | 99 | 100 | (1)% | | Europe | 99 | 96 | 3% | | Rest of World | 262 | 226 | 16% | | **Total** | **460** | **422** | **9%** | Average Revenue Per User (ARPU) by Region | Region | Q1 2025 | Q1 2024 | YoY Change | | :--- | :--- | :--- | :--- | | North America | $8.41 | $7.44 | 13% | | Europe | $2.26 | $2.04 | 11% | | Rest of World | $1.17 | $1.13 | 4% | | **Total** | **$2.96** | **$2.83** | **5%** | Revenue by Region (in thousands) | Region | Q1 2025 | Q1 2024 | YoY Change | | :--- | :--- | :--- | :--- | | North America | $831,691 | $743,131 | 12% | | Europe | $224,015 | $195,844 | 14% | | Rest of World | $307,511 | $255,798 | 20% |

Snap (SNAP 3.92%) will deliver key insights to shareholders on April 29 that investors will not want to miss.*Stock prices used were the afternoon prices of April 22, 2025. The video was published on April 24, 2025. ...

While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights. That said, let's delve into the average estimates of some Snap metrics that Wall Street analysts commonly model and monitor. Wall Street analysts expect Snap (SNAP) to post quarterly earnings of $0.04 per share in its upcoming report, which indicates a year-over-year increase of 33. ...

Snap (SNAP) is scheduled to report its first-quarter 2025 results on April 29.See the Zacks Earnings Calendar to stay ahead of market-making news.For the first quarter, Snap expects total revenues between $1.33 billion and $1.36 billion. SNAP’s adjusted EBITDA is expected to be between $40 million and $75 million.The Zacks Consensus Estimate for revenues is currently pegged at $1.35 billion, indicating a 12.73% increase from the year-ago quarter’s reported figure.The consensus mark for earnings has remained ...

Core Viewpoint - Meta's CEO Mark Zuckerberg suggested that Snapchat could have experienced faster growth if Meta had acquired it in 2013 for $6 billion, a claim made during the ongoing antitrust trial [1][2]. Group 1: Acquisition Attempt - Meta, previously known as Facebook, offered to buy Snapchat for $6 billion, contrary to earlier reports of $3 billion [2]. - Zuckerberg expressed that he believed Snapchat was not reaching its growth potential and that Meta could have enhanced the app's development [2]. Group 2: Antitrust Implications - The government referenced the failed acquisition to argue that Meta seeks to maintain its dominance in social media by acquiring competitors instead of competing directly [3]. - The FTC is pursuing actions to compel Meta to restructure or divest Instagram and WhatsApp, claiming that the acquisitions were made to eliminate competition and establish an illegal monopoly [3].