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Sep 30, 2024
Snapchat Q3 2024 Earnings Report
Snapchat's community growth and engagement drove improved financial performance.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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