Snapchat Q3 2021 Earnings Report
Key Takeaways
Snap Inc. reported a strong Q3 2021 with significant growth in daily active users (DAUs) and revenue. DAUs increased 23% year-over-year to 306 million, and revenue grew by 57% to $1,067 million. The company also saw improvements in net loss and adjusted EBITDA compared to the prior year.
Daily Active Users (DAUs) increased by 23% year-over-year, reaching 306 million.
Revenue increased by 57% year-over-year, totaling $1,067 million.
Net loss improved by 64% compared to the previous year.
Adjusted EBITDA improved by 209% year-over-year.
Snapchat
Snapchat
Snapchat Revenue by Geographic Location
Forward Guidance
Snap Inc. provided its outlook for Q4 2021, which is subject to substantial uncertainty. The guidance assumes constant foreign currency rates and no significant business acquisitions, investments, restructurings, or legal settlements.
Positive Outlook
- Revenue is estimated to be between $1,165 million and $1,205 million.
- Adjusted EBITDA is estimated to be between $135 million and $175 million.
- Focus on delivering strong results for advertising partners.
- Innovating to expand the capabilities of the platform.
- Better serve the community.
Challenges Ahead
- Significant headwinds, including changes to the iOS platform.
- Impact on the way advertising is targeted.
- Impact on how advertising is measured.
- Impact on how advertising is optimized.
- Global supply chain issues and labor shortages impacting partners.
Revenue & Expenses
Visualization of income flow from segment revenue to net income