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Dec 31, 2023
Snapchat Q4 2023 Earnings Report
Snapchat's Q4 2023 earnings were announced, showcasing growth in daily active users and revenue.
Key Takeaways
Snap Inc. reported a 5% year-over-year increase in revenue for Q4 2023, reaching $1,361 million. Daily Active Users (DAU) also saw a 10% increase, reaching 414 million. The company's operating cash flow was $165 million, and free cash flow was $111 million for the quarter.
Daily Active Users (DAUs) increased by 10% year-over-year to 414 million.
Revenue increased by 5% year-over-year to $1,361 million.
Operating cash flow was $165 million.
Free Cash Flow reached $111 million.
Revenue by Geographic Location
Forward Guidance
For Q1 2024, Snap anticipates DAU to be approximately 420 million and projects revenue between $1,095 million and $1,135 million, implying a year-over-year revenue growth of 11% to 15%. Adjusted EBITDA is estimated to be between negative $55 million and negative $95 million.
Positive Outlook
- Continued growth of the global community is expected.
- DAU is projected to be approximately 420 million in Q1.
- Revenue is expected to grow between 11% and 15% year-over-year.
- Focus on improving the direct-response advertising platform.
- Anticipated improvements to advertising results for partners.
Challenges Ahead
- Adjusted EBITDA is estimated to be negative.
- Adjusted EBITDA is projected to be between negative $55 million and negative $95 million.
- Continued investments are planned for the quarter.
- Uncertainty in achieving desired improvements to the advertising platform.
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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