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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.
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
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.
- Potential challenges in accelerating topline growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income