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๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข EPS: -$0.10 (Est. $0.06) โ
โข Revenue: $1.599B (Est. $1.53B) โ
โข Adjusted EBITDA: $250M (vs. $41M YoY).
โข Operating cash flow: $176M (+99% YoY).
โข Free cash flow: $121M (+407% YoY).
โข Net loss improved to $164M from $263M a year ago.
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Revenue increased 19% YoY, driven by stronger advertising performance and growth in the direct revenue business.
โข Adjusted EBITDA increased more than sixfold year over year as profitability improved.
โข Free cash flow and operating cash flow both nearly doubled or better from the prior year.
โข Monthly Active Users reached 971 million.
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
CEO Evan Spiegel said Snap strengthened its core business in the quarter by growing revenue, expanding margins and generating positive free cash flow, while remaining focused on improving advertising performance and increasing free cash flow per share over time.