$SNAP (-5,53%) Q3 2024 Earnings Highlights

🔹 Revenue: $1.37B (Est. $1.36B) 🟢; +15% YoY

🔹 EPS: $0.08 (Est. $0.051) 🟢

🔸 Stock Buyback Program: $500M for Class A shares 

🔹 Adjusted EBITDA: $132M (Est. $90.6M) 🟢; +229% YoY

🔹 Net Loss: $153M (vs. $368M loss in Q3'23) 🟢

🔹 Free Cash Flow: $72M (vs. -$61M YoY) 🟢

🔹 DAUs: 443M (Est. 441.16M) 🟢; +9% YoY

User Metrics:

🔸 North America: 100M DAUs (-1% YoY) 

🔸 Europe: 99M DAUs (+4.2% YoY) 

🔸 Rest of World: 244M DAUs (+16% YoY) 

🔸 Global DAUs: 443M (+9.1% YoY)

Revenue Breakdown:

🔹 North America: $857.6M (+9.1% YoY)

🔹 Europe: $248.9M (+24% YoY)

🔹 Rest of World: $266.1M (+32% YoY)

🔹 ARPU: $3.10 (+5.8% YoY)

Operational Highlights:

🔹 Snapchat+ Subscribers: Reached 12M (+100% YoY)

🔹 Workforce: 4,800 employees (-11% YoY)

🔹 Time Spent on Content: +25% YoY

🔹 Spotlight: >500M monthly active users (+21% YoY)

Key Developments:

🔸 AI & AR Investments: Expanded partnership with Google Cloud to enhance "My AI" chatbot features

🔸 New Advertising Formats: Introduced Sponsored Snaps and Promoted Places for businesses

Q4 2024 Guidance:

🔹 Revenue: $1.51B-$1.56B (+11% to +15% YoY)

🔹 Adjusted EBITDA: $210M-$260M

🔹 DAUs: ~451M expected

🔹 Annual Operating Expenses: $2.43B-$2.53B

CEO Evan Spiegel’s Commentary:

“We delivered strong community growth and financial performance this quarter. Our investments in AI and AR are unlocking new creative experiences and driving innovation across our advertising platform, laying the foundation for long-term growth."