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Jun 30, 2024
Snapchat Q2 2024 Earnings Report
Snapchat's community grew, advertising platform scaled, and AR innovation continued in Q2 2024.
Key Takeaways
Snap Inc. reported a 16% year-over-year increase in revenue, reaching $1,237 million. Daily Active Users (DAU) grew by 9% to 432 million. The company's net loss improved by 34% to $249 million, and Adjusted EBITDA improved significantly by 243% to $55 million.
Revenue increased by 16% year-over-year to $1,237 million.
Daily Active Users (DAUs) increased by 9% year-over-year to 432 million.
Net loss improved by 34% year-over-year to $249 million.
Adjusted EBITDA improved by 243% year-over-year to $55 million.
Snapchat
Snapchat
Snapchat Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.comEurope Revenue
CapyFin.comRest of World Revenue
CapyFin.com Forward Guidance
Snap anticipates continued growth of its global community, projecting approximately 441 million DAU in Q3 2024. The Q3 revenue is expected to be between $1,335 million and $1,375 million, implying a year-over-year revenue growth of 12% to 16%. Adjusted EBITDA is estimated to be between $70 million and $100 million.
Positive Outlook
- Continued growth of global community anticipated.
- DAU expected to be approximately 441 million in Q3.
- Revenue projected between $1,335 million and $1,375 million.
- Year-over-year revenue growth of 12% to 16% expected.
- Adjusted EBITDA estimated between $70 million and $100 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income