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Mar 31, 2023
Snapchat Q1 2023 Earnings Report
Snapchat's Q1 2023 results showed community growth and a focus on revenue diversification, despite a slight revenue decrease year-over-year.
Key Takeaways
Snap Inc. reported a 15% year-over-year increase in Daily Active Users (DAUs), reaching 383 million. First quarter revenue was $989 million, a decrease from $1,063 million in the prior year. The company is focusing on deepening engagement with its content platform and improving its advertising platform to drive increased return on investment for advertising partners.
Daily Active Users (DAUs) increased by 15% year-over-year to 383 million.
Revenue for the first quarter was $989 million, a decrease compared to the prior year's $1,063 million.
Net loss was $329 million, an improvement from the prior year's $360 million.
Free Cash Flow was $103 million, slightly down from $106 million in the prior year.
Revenue by Geographic Location
Forward Guidance
Snap Inc. is not providing formal guidance for revenue or adjusted EBITDA for the second quarter of 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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