Snap Inc

SNAP

Equity

ISIN US83304A1060 / Valor 35612177

New York Stock Exchange, Inc (2024-11-21)

USD 10.63+0.38%

Snap Inc
UMushroom community rating:

3.25 8 votes No rating yet

NegativeNeutralPositive

About company

Snap Inc. is a technology company that operates the social media platform Snapchat, which allows users to share images and videos that disappear after a set period of time.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Growth

Snap Inc. reported a 16% year-over-year increase in revenue for the second quarter of 2024, reaching $1,237 million compared to $1,068 million in the same period last year. This growth reflects the company's ongoing efforts to scale its advertising platform and expand its user base.

Net Loss Improvement

For Q2 2024, Snap Inc. saw a significant improvement in its net loss, which decreased by 34% year-over-year to $249 million. This is a notable reduction from the $377 million net loss reported in the second quarter of 2023, indicating better financial management and operational efficiency.

Adjusted EBITDA

Snap Inc. achieved a remarkable 243% year-over-year improvement in Adjusted EBITDA for the second quarter of 2024, reaching $55 million. This is a substantial increase from the negative $38 million Adjusted EBITDA reported in the same quarter of the previous year.

Daily Active Users

In Q2 2024, Snap Inc. reported a 9% year-over-year increase in Daily Active Users (DAUs), reaching 432 million. This growth in user engagement is a positive indicator of the platform's increasing popularity and user retention.

Q3 2024 Outlook

Looking ahead to the third quarter of 2024, Snap Inc. anticipates continued growth in its global community, with an expected DAU of approximately 441 million. The company projects Q3 revenue to be in the range of $1,335 million to $1,375 million, implying a year-over-year growth of 12% to 16%.

Summarized from source with an LLMView Source

Key figures

-11.9%1Y

-79.3%3Y

-29.5%5Y

Performance

73.8%1Y

88.7%3Y

81.4%5Y

Volatility