Financial Position - As of December 31, 2024, the company had cash and cash equivalents totaling $1.0 billion and marketable securities totaling $2.3 billion[426]. - The company had cash and cash equivalents of $1.8 billion as of December 31, 2023, indicating a decrease of approximately 44.4% year-over-year[426]. - The company ended the year with cash, cash equivalents, and restricted cash totaling $1,050,234,000, a decrease from $1,782,462,000 at the end of 2023[468]. - Total assets decreased slightly to $7,936,348 thousand in 2024 from $7,967,758 thousand in 2023, representing a decline of approximately 0.39%[476]. - Cash and cash equivalents decreased significantly from $1,780,400 thousand in 2023 to $1,046,534 thousand in 2024, a reduction of about 41.1%[476]. - Total liabilities decreased to $5,485,587 thousand in 2024 from $5,553,646 thousand in 2023, a decrease of approximately 1.22%[476]. - Stockholders' equity increased to $2,450,761 thousand in 2024 from $2,414,112 thousand in 2023, an increase of about 1.51%[476]. - The accumulated deficit increased from $11,726,536 thousand in 2023 to $12,735,461 thousand in 2024, reflecting a loss of $1,008,925 thousand[478]. Revenue and Expenses - Total revenue for 2024 was $5,361,398,000, an increase of 16.4% compared to $4,606,115,000 in 2023[470]. - The company incurred total costs and expenses of $6,148,692,000 in 2024, up from $6,004,494,000 in 2023, marking a 2.4% increase[470]. - Operating loss decreased to $787,294,000 in 2024 from $1,398,379,000 in 2023, reflecting a 43.6% reduction in operating losses[470]. - Cash flows from operating activities generated $413,480,000 in 2024, compared to $246,521,000 in 2023, indicating a 67.6% increase[468]. - Research and development expenses were $1,691,683,000 in 2024, down 11.5% from $1,910,862,000 in 2023[470]. - Advertising costs rose significantly to $57.7 million in 2024 from $24.9 million in 2023, marking an increase of approximately 131.3%[489]. Net Loss and Earnings Per Share - The company reported a net loss of $697,856,000 for the year ended December 31, 2024, a decrease from a net loss of $1,322,485,000 in 2023, representing a 47.3% improvement year-over-year[470]. - The net loss attributable to common stockholders for the year ended December 31, 2024, was $590.96 million, compared to a net loss of $1.11 billion in 2023[540]. - Basic net loss per share for 2024 was $(0.42), consistent with the previous year[540]. - The weighted average shares used in the computation of net loss per share increased to 1,659,147,000 in 2024 from 1,612,504,000 in 2023[470]. Investments and Securities - The company reported total strategic investments with carrying values of $188.3 million as of December 31, 2024, down from $195.3 million in 2023[437]. - The company’s investments in publicly traded equity securities had carrying values of $12.4 million as of December 31, 2024, down from $13.6 million in 2023[437]. - The total fair value of RSUs and RSAs vested in 2024 was $0.9 billion, down from $1.0 billion in 2023[547]. - The total net gains (losses) on publicly traded equity securities for 2024 were $(1.185) million, a decrease from $(6.685) million in 2023[615]. Debt and Financing - The company issued the 2030 Notes with an aggregate principal amount of $750.0 million, fully outstanding as of December 31, 2024[427]. - The company’s total outstanding 2028 Notes amounted to $1.5 billion as of December 31, 2024[428]. - The company’s total outstanding 2027 Notes amounted to $1.15 billion as of December 31, 2024[429]. - The company issued $1.50 billion principal amount of convertible senior notes due in 2028, with net proceeds of $1.31 billion after costs[573]. - The 2028 Notes have an interest rate of 0.125% per year, payable semi-annually, and mature on March 1, 2028[574]. - The company has a five-year senior unsecured revolving credit facility allowing borrowing up to $1.05 billion for working capital and general corporate purposes[596]. Stock and Equity - The board of directors approved a future stock split in the form of a special dividend of one share of Class A common stock for each outstanding share, contingent on specific conditions being met[491]. - The conditions for the future stock split include the Class A common stock's average volume weighted average price (VWAP) reaching or exceeding $40 per share for 90 consecutive trading days[491]. - The company did not declare any dividends for the year ended December 31, 2024[541]. - The additional paid-in capital increased to $15,644,132 thousand in 2024 from $14,613,404 thousand in 2023, an increase of approximately 7.03%[478]. Accounting and Reporting - The company adopted ASU 2023-07 effective January 1, 2024, which enhances segment reporting disclosures[528]. - Recent accounting pronouncements include new guidance on income tax disclosures and expense disaggregation, effective for annual periods beginning after December 15, 2024[526]. - Goodwill represents the excess of the purchase price over the fair value of net assets acquired in business combinations, with no impairment charges recorded in the periods presented[519]. - Intangible assets are amortized on a straight-line basis over their estimated useful lives, which vary from 2 to 14 years depending on the asset type[521].

Q4 2024 Earnings Slides February 4, 2025 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 ...

Exhibit 99.1 "In 2024 we made significant progress on our core priorities of growing our community and improving depth of engagement, driving top line revenue growth and diversifying our revenue sources, while building toward our long-term vision for augmented reality," said Evan Spiegel, CEO. "Active advertisers more than doubled in Q4, with the improvements we have made to our advertising platform driving improved advertiser performance and helping to grow revenue 14% year-over-year." Annual Financial Sum ...

Financial Data and Key Metrics - Total revenue in Q3 2024 was $1.37 billion, up 15% year-over-year and 11% quarter-over-quarter [30] - Advertising revenue was $1.25 billion, up 10% year-over-year, driven by a 16% increase in DR advertising revenue [30] - Other revenue, primarily from Snapchat+ subscriptions, more than doubled year-over-year to $123 million, with Snapchat+ subscribers exceeding 12 million [30] - Adjusted EBITDA was $132 million, up from $40 million in Q3 2023, reflecting higher revenue and disciplined operating expenses [36] - Free cash flow was $72 million, with operating cash flow at $116 million [38] - Net loss improved by 58% year-over-year to $153 million, driven by higher adjusted EBITDA and reduced stock-based compensation [37] Business Line Performance - Daily Active Users (DAUs) reached 443 million in Q3, up 37 million year-over-year and 11 million quarter-over-quarter [7][15] - North America DAUs were 100 million, flat year-over-year but up quarter-over-quarter [15] - Europe DAUs were 99 million, up from 97 million in the prior quarter and 95 million in the prior year [15] - Rest of World DAUs were 244 million, up from 235 million in the prior quarter and 211 million in the prior year [15] - Snapchat+ subscription business more than doubled year-over-year, contributing to other revenue growth [30] Market Performance - North America revenue grew 9% year-over-year, Europe revenue grew 24%, and Rest of World revenue grew 32% [31] - Global impression volume grew 19% year-over-year, driven by expanded advertising delivery within Spotlight and Creator Stories [32] - eCPMs were down 7% year-over-year due to inventory growth exceeding advertising demand [32] Strategic Direction and Industry Competition - The company is focused on growing its community, deepening engagement, and diversifying revenue sources, particularly through augmented reality (AR) and AI innovations [7][10] - Snap introduced the fifth generation of Spectacles, AR glasses powered by Snap OS, and generative AI innovations for its AR developer platform [10] - The company is investing in machine learning and evolving its advertising products to better serve advertising partners, particularly in the lower-funnel DR business [8] - New ad placements, Sponsored Snaps and Promoted Places, are expected to contribute incremental advertising inventory over time [28] Management Commentary on Operating Environment and Future Outlook - Management highlighted the potential for Simple Snapchat to drive content engagement among less frequently engaged users, which could be an important input to impression growth and incremental reach for advertisers [40] - The company is cautiously testing Simple Snapchat in highly monetized markets, with a broader rollout not expected until Q1 2025 at the earliest [41] - Q4 2024 revenue guidance is $1.51 billion to $1.56 billion, implying year-over-year growth of 11% to 15% [43] - The company authorized a new $500 million share repurchase program, reflecting confidence in its financial position and commitment to long-term shareholder value [47] Other Key Information - Adjusted cost of revenue was $637 million, up 16% year-over-year, driven by infrastructure costs related to ML and AI investments [33] - Adjusted gross margin was stable at 54%, in line with the prior year [34] - Adjusted operating expenses were $604 million, up 1% year-over-year, with lower personnel costs offset by higher marketing and legal-related costs [35] Q&A Session Summary Question: Risk Management for Simple Snapchat Transition - The company is taking a test-and-learn approach to Simple Snapchat, focusing on understanding shifts in inventory and potential impacts to monetization before a broader rollout [50] Question: Rollout Timing for Simple Snapchat in Major Markets - The company is still early in understanding the monetization dynamics of Simple Snapchat and is considering a phased rollout over an extended period to minimize disruption [53] Question: Potential of Sponsored Snaps and Promoted Places - Sponsored Snaps and Promoted Places are expected to leverage Snap's existing ad format, providing incremental advertising inventory over time [56][57] Question: Balance Between Engagement and Monetization in Simple Snapchat - The company's primary focus is on creating the best product experience for its community, which is expected to drive long-term advertising opportunities [61][63] Question: Spotlight Engagement Outside North America - Spotlight engagement has shown strong growth globally, with North America seeing a mix shift from Stories to Spotlight content [64] Question: App Install Product Performance and Q4 Revenue Growth - The company has seen strong results from app install and app purchase optimizations, with cost-per-install down 24% and cost-per-purchase down 27% [68] - Q4 revenue growth is expected to be driven by continued execution in the DR business, with limited recovery expected in Brand advertising [71][72] Question: Confidence in Outpacing Digital Ad Market Growth - The company is focused on executing its DR business roadmap, particularly in the lower-funnel segment, and growing its SMB customer base to drive sustained revenue growth [76][80] Question: Investment and Timing for Spectacles - The company is focused on building a robust developer ecosystem for Spectacles to ensure a strong library of AR experiences before widespread consumer adoption [83][84]

Financial Performance - Net loss for the three months ended September 30, 2023, was $153.247 million, compared to a net loss of $368.256 million for the nine months ended September 30, 2023[21]. - Revenue for Q3 2024 was $1,372,574, a 15.5% increase from $1,188,551 in Q3 2023[23]. - Net loss for Q3 2024 was $153,247, compared to a net loss of $368,256 in Q3 2023, representing a 58.5% improvement[25]. - Operating loss decreased to $173,210 in Q3 2024 from $380,063 in Q3 2023, showing a 54.4% reduction[23]. - Total costs and expenses for Q3 2024 were $1,545,784, down from $1,568,614 in Q3 2023, a decrease of 1.5%[23]. - Basic net loss per share for Q3 2024 was $(0.09), an improvement from $(0.23) in Q3 2023[23]. - Adjusted EBITDA for Q3 2024 was $132.0 million, compared to $40.1 million in the same period last year[129]. - Free Cash Flow improved to $71.8 million, compared to a negative $60.7 million in Q3 2023[130]. - The increase in revenue was primarily driven by growth in advertisers and higher subscription revenue due to an increase in the number of subscribers[162]. - The company anticipates continued growth in revenue driven by optimization efficiencies and improvements in auction-based advertising demand[162]. Cash Flow and Liquidity - Cash flows from operating activities provided $115.872 million for the three months ended September 30, 2023, compared to $12.781 million for the nine months ended September 30, 2023[21]. - Cash, cash equivalents, and restricted cash at the end of the period were $968.393 million, down from $1.065 billion at the beginning of the period[21]. - Cash and cash equivalents decreased to $964,967 as of September 30, 2024, from $1,780,400 at the end of 2023[26]. - As of September 30, 2024, the company held $3.2 billion in cash, cash equivalents, and marketable securities[130]. - The company believes its existing cash balance is sufficient to fund ongoing working capital and investment requirements for at least the next 12 months[189]. User Metrics - Average Daily Active Users (DAUs) are calculated by adding the number of DAUs for each day of the quarter and dividing by the number of days in that quarter[14]. - Daily Active Users (DAUs) reached 443 million, reflecting a 9% year-over-year growth[128]. - Average Revenue Per User (ARPU) increased to $3.10, up from $2.93 in the prior year[128]. Expenses and Costs - Depreciation and amortization for the three months ended September 30, 2023, was $38.850 million, with stock-based compensation totaling $260.229 million[21]. - Research and development expenses for Q3 2024 were $412,791, down from $494,559 in Q3 2023, a decrease of 16.5%[23]. - Sales and marketing expenses for the three months ended September 30, 2024, were $273,107 thousand, an 8% decrease from $297,251 thousand in the same period of 2023[165]. - General and administrative expenses for the three months ended September 30, 2024, were $220,979 thousand, nearly unchanged from $221,051 thousand in the same period of 2023[166]. Investments and Acquisitions - The total purchase consideration for business acquisitions in 2023 was $73.1 million, including $56.3 million in cash and $12.6 million in other liabilities, with $42.8 million allocated to goodwill[58]. - As of September 30, 2024, the carrying amount of goodwill increased to $1,693.946 million, reflecting a foreign currency translation adjustment of $2.119 million[59]. - The total intangible assets as of September 30, 2024 amounted to $361.451 million, with a net value of $98.920 million after accumulated amortization of $262.531 million[61]. Debt and Financing - In May 2024, the company issued $750.0 million in convertible senior notes due in 2030, with net proceeds of $671.5 million after costs[63]. - The company repurchased $100.0 million of the 2025 Notes and $351.2 million of the 2026 Notes for a total cash price of $440.7 million, resulting in an $8.8 million gain on extinguishment[85]. - As of September 30, 2024, the total principal amount of Convertible Notes was $3.69 billion, with a net carrying amount of $3.64 billion after unamortized debt issuance costs[87]. - Total interest expense for the three months ended September 30, 2024, was $4.49 million, compared to $3.94 million for the same period in 2023, reflecting an increase of approximately 14%[89]. Restructuring and Workforce - The company completed a restructuring plan in Q2 2024, resulting in a global headcount reduction of approximately 10%[121]. - Total restructuring charges for the nine months ended September 30, 2024, amounted to $70,157,000[123]. - The company initiated a wind down of its AR Enterprise business, resulting in a 3% reduction in global employee headcount and $18.6 million in pre-tax restructuring charges[124]. Tax and Compliance - Income tax expense for the three months ended September 30, 2024, was $8.3 million, compared to $5.8 million for the same period in 2023[118]. - The effective tax rate for the three months ended September 30, 2024, was (5.7)%, compared to (1.6)% for the same period in 2023[173]. Strategic Investments - The carrying value of strategic investments as of September 30, 2024, was $188.6 million, down from $195.3 million as of December 31, 2023[108]. - Strategic investments recognized a net loss of $312,000 for the three months ended September 30, 2024, compared to a loss of $270,000 for the same period in 2023[110]. - Unrealized losses on strategic investments still held amounted to $372,000 for the three months ended September 30, 2024, compared to $400,000 for the same period in 2023[110].

Q3 2024 Earnings Slides October 29, 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 ...

As filed with the Securities and Exchange Commission on September 11, 2024 Registration No. 333-_____ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Unusual Machines, Inc. Table of Contents Allan Evans Chief Executive Officer Unusual Machines, Inc. 4677 L B McLeod Rd Suite J Orlando, FL 32811 (855) 921-4600 (Exact name of Registrant as specified in its charter) (State or other jurisdiction of Nevada 3663 66-0927642 (Pr ...

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 ...

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 __________ ...