$SNAP (-2,76%)

🔹 Revenue: $1.56B (Est. $1.547B) 🟢; UP +14% YoY

🔹 Net Income: $9M (Prev. -$248M) 🟢

🔹 Adjusted EBITDA: $276M (Prev. $159M) 🟢; UP +73% YoY

🔹 Operating Cash Flow: $231M (Prev. $165M) 🟢; UP +40% YoY

🔹 Free Cash Flow: $182M (Prev. $111M) 🟢; UP +65% YoY

Key Operating Metrics:

🔹 Daily Active Users (DAU): 453M; UP +9% YoY

🔹 Active Advertisers: More than doubled YoY

🔹 Other Revenue (Snapchat+ Subscriptions, etc.): UP +131% YoY; Exited 2024 at an annualized run rate well over $500M

Engagement & Advertising Growth:

🔹 Public Snaps: Over 1B shared monthly

🔹 Snap Star Creators: +40% YoY growth

🔹 Sponsored Snaps & Promoted Places: +30% increase in reach

🔹 New Snapchat+ Features: Early access tools like "Footsteps" for tracking Snap Map visits

Augmented Reality (AR) Innovations:

🔹 200M+ Spotlight videos created featuring Lenses

🔹 400M+ users engaged with new Gen AI Lenses (4B+ interactions in Q4)

🔹 First-ever Pre-Generated AI Lens launched, reducing GPU utilization

🔹 Lens Studio Downloads: Surpassed 1M

Snap Spectacles & AR Expansion:

🔹 New Snap OS Version launched with enhanced camera & SnapML capabilities

🔹 Expanded Spectacles availability to six new countries (Austria, France, Germany, Italy, Netherlands, Spain)

🔹 New AI-powered Lenses for education & gaming (calligraphy, soccer training, pool shot accuracy)

🔹 Launched educational pricing for Spectacles with a student discount

CEO Evan Spiegel's Commentary:

🔸 "In 2024, we made significant progress in revenue growth and deepening engagement. With advertising improvements and AR innovations, we are well-positioned to build toward our long-term vision for augmented reality."

INITIAL MARKET REACTION TO TRUMP VICTORY:

• U.S. Stocks: Broadly higher across sectors
• $XLF: Big banks higher on expectations of regulatory relief, M&A growth
• Cannabis Stocks: $WEED (+1,31%), $MSOS, $TLRY (+4,88%) down as Florida votes against legalization
• $CVS (-2,18%), $UNH (-6,94%) : Health insurers rally on potential easing of Medicare Advantage pressures
• $XLE (-1,68%) , $XOM (-0,73%): Energy stocks higher, anticipating fossil fuel support and less regulation
• Solar/Renewables: Pressure on $FSLR (-4,82%), $SEDG (-2,56%), EV, hydrogen, and battery stocks as clean energy subsidies could be rolled back
• Crypto: Higher as Trump holds a favorable stance, $BTC (-0,25%) strong
• $TSLA (-4,32%): Higher after Trump Win as Musk was all-in on support
• Bonds: Weaker, with yields rising on fiscal concerns
• China Stocks: Weak as tariff pressures and anti-China policy concerns grow
• Peso/Mexican Equities: Weaker on aggressive trade policies and tariffs fear
• FinTech: Higher with $HOOD (-7,16%), $AFRM (-7,35%) , $SQ (-12,06%), $SOFI (-4,68%) responding positively
• Dollar: Stronger due to pro-business policies
• $META (-1,11%), $SNAP (-2,76%): Mixed as TikTok ban concerns ease
• Overall: Dollar, crypto, energy, banks, and U.S. stocks higher; bonds, renewables, and cannabis under pressure.

$SNAP (-2,76%) 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."

+++Snapchat Earnings - Aktie +40%+++

EPS Forecast: $-0,2574

EPS Actual: $0,03

Revenue Forecast: $1,12B

Revenue Actual: $1,19B

$SNAP (-2,76%)