Snap Inc

Latest Results (09.02.2026):

Snap Inc. — Q4 2025: The company reported fourth-quarter revenue of $1,716 million, up 10% year‑over‑year, with net income of $45 million (versus $9 million a year earlier) and Adjusted EBITDA of $358 million. Q4 gross margin improved to 59% (up 2 percentage points YoY), operating cash flow was $270 million and Free Cash Flow was $206 million. Monthly active users reached 946 million (up 6% YoY).

Revenue & profitability

Q4 2025 revenue $1,716M (+10% YoY). Operating income was $49.7M (3% operating margin); Adjusted EBITDA was $358M (+30% YoY) and gross margin was 59% (up 2 ppt YoY, up 4 ppt sequentially).

Cash flow & balance sheet

Q4 operating cash flow $270M and Free Cash Flow $206M. As of Dec 31, 2025, Snap reported $2.9B in cash, cash equivalents and marketable securities.

Full‑year 2025 context

Full‑year revenue was $5,931M (+11% YoY). Net loss narrowed to $460M (vs. $698M in 2024). Full‑year Adjusted EBITDA rose to $689M (+36% YoY); operating cash flow and Free Cash Flow improved materially year‑over‑year.

User and engagement metrics

MAU reached 946M in Q4 (+6% YoY). Snapchat community engagement: AR Lenses used 8 billion times per day and >350M users engaged with AR daily on average; Gen AI Lenses have 700M+ users with 17B+ engagements.

Revenue diversification and product traction

Notable growth in higher‑value formats: In‑App Optimizations revenue +89% YoY; Dynamic Product Ads +19% YoY; Other Revenue +62% YoY to $232M, with subscriber count up 71% to 24M. Total active advertisers +28% YoY.

Capital returns and corporate actions

Board authorized a new share repurchase program of up to $500M (12‑month authorization). The company also repurchased Class A shares in Q4 (cash flow shows ~$250M repurchased in the quarter).