Snap Inc. Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 saw 10% revenue growth, 59% gross margin, and net income profitability, driven by strong SMB ad demand and a 71% increase in subscribers. Strategic focus on monetizable markets, AI-driven ads, and new products like Specs positions the business for continued profitable growth.
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Q3 saw 10% revenue growth to $1.51B, 8% DAU growth, and a 30%+ reduction in net loss. SMB ad demand and direct revenue streams drove results, while regulatory and internal changes are expected to impact Q4 DAU. A $400M Perplexity AI partnership and new AR products highlight innovation.
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Monthly active users rose 7% year-over-year to 932 million, with revenue up 9% to $1.34 billion, driven by SMB advertisers and new ad formats. AR and subscription products showed strong growth, while Q2 was impacted by ad platform issues and increased costs.
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The meeting focused on presenting the results of a written consent action, electing eleven directors and ratifying Ernst & Young LLP as auditor for 2025. No questions were received from stockholders, and results will be reported to the SEC.
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Q1 saw 14% revenue growth to $1.36B, driven by direct response ads and Snapchat Plus, with adjusted EBITDA of $108M and free cash flow of $114M. User growth continued, but macro uncertainty led to cautious guidance and cost reductions.
Fiscal Year 2024
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Q4 2024 saw 14% revenue growth to $1.56B, driven by DR ads and Snapchat+ subscriptions, with DAUs reaching 453M. Adjusted EBITDA rose to $276M, and net income turned positive. SMBs led ad growth, while new ad formats and AR/AI innovation support future momentum.
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Q3 saw 15% revenue growth to $1.37B, driven by DR ads and Snapchat+ subscriptions, with DAUs up 37M year-over-year. Adjusted EBITDA rose to $132M, and net loss improved by 58%. Q4 guidance projects 11–15% revenue growth, with ongoing innovation and a new $500M share repurchase program.
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The summit introduced a streamlined Snapchat experience, advanced AI-powered creative tools, and the 5th generation Spectacles AR glasses. New features empower creators, enhance safety, and expand AR capabilities, while partnerships and developer tools foster innovation and community growth.
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Achieved 16% year-over-year revenue growth to $1.24 billion, driven by strong DR advertising and Snapchat+ subscriptions, while brand advertising remained weak. Adjusted EBITDA improved to $55 million, and Q3 guidance anticipates continued growth led by DR and subscriptions.
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The meeting focused on electing ten directors and ratifying Ernst & Young LLP as auditor, with over 99% of voting power represented. No shareholder questions were submitted, and all agenda items were approved by written consent.