Snapchat Q3 2024 Earnings Report
Key Takeaways
Snap Inc. reported a 15% year-over-year increase in revenue to $1,373 million for the third quarter of 2024. Daily Active Users (DAU) grew by 9% year-over-year to 443 million. The company's net loss improved by 58% year-over-year to $153 million, and Adjusted EBITDA improved by 229% year-over-year to $132 million.
Daily Active Users (DAUs) reached 443 million in Q3 2024, a 9% increase year-over-year.
Total time spent watching content increased 25% year-over-year.
Snapchat+ reached 12 million subscribers, more than doubling year-over-year.
Total active advertisers more than doubled year-over-year.
Snapchat
Snapchat
Snapchat Revenue by Geographic Location
Forward Guidance
Snap Inc. will discuss its Q4 2024 outlook during its Q3 2024 Earnings Call and in its investor letter available at investor.snap.com.
Revenue & Expenses
Visualization of income flow from segment revenue to net income