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]

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 March 31, 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 Inc. (NYSE:SNAP) Q1 2024 Earnings Conference Call April 25, 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 Doug Anmuth - JPMorgan Ken Gawrelski - Wells Fargo Rich Greenfield - LightShed Partners Ross Sandler - Barclays James Heaney - Jefferies Michael Morris - Guggenheim Benjamin Black - Deutsche Bank Mark Shmulik - Bernstein Dan Salmon - New Street Res ...

Quarterly Financial Review First Quarter 2024 Q1-2024 Quarterly Review © 2024 Snap-on Incorporated Q1-2024 Quarterly Review © 2024 Snap-on Incorporated Cautionary Statement ▪ These slides should be read in conjunction with comments from the April 18, 2024 conference call. ...

(2) See page 10 for a reconciliation of net cash provided by (used in) operating activities to Free Cash Flow. (3) See page 11 for a reconciliation of diluted net loss per share to non-GAAP diluted net income (loss) per share. Daily Active Users increased 10% year-over-year to 422 million First quarter operating cash flow of $88 million and Free Cash Flow of $38 million SANTA MONICA, Calif. – April 25, 2024 – Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended March 31, 2024. "The ...

Good afternoon, everyone, and welcome to Snap Incorporated's fourth quarter 2023 earnings conference call. At this time, participants are in a listen-only mode. I would now like to turn the call over to David Omitter, Head of Investor Relations. Thank you, and good afternoon, everyone. Welcome to Snap's fourth quarter 2023 earnings conference call. With us today are Evan Spiegel, Chief Executive Officer and Co-Founder, and Derek Anderson, Chief Financial Officer. Please refer to our investor relations websi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________ FORM 10-K ______________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 Inc. (NYSE:SNAP) Q3 2023 Earnings Conference Call October 24, 2023 5:30 PM ET Company Participants David Ometer - Head of Investor Relations Evan Spiegel - Chief Executive Officer and Co-Founder Derek Andersen - Chief Financial Officer Conference Call Participants Doug Anmuth - JPMorgan Ross Sandler - Barclays Rich Greenfield - LightShed Mark Shmulik - Bernstein Justin Post - Bank of America Brian Nowak - Morgan Stanley Lloyd Walmsley - UBS Mark Mahaney - Evercore Operator Good afternoon, everyone, and ...

Q3 2023 Earnings Slides Forward-Looking Statements & Non-GAAP Financial Measures ...

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 September 30, 2023 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 _____ ...