Snap (SNAP) Tops Q3 EPS by 26c

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Go back to Snap (SNAP) Tops Q3 EPS by 26c

Snap Inc. Announces Third Quarter 2023 Financial Results

October 24, 2023 4:10 PM EDT

Revenue increased 5% year-over-year to $1,189 million

Daily Active Users increased 12% year-over-year to 406 million

Net loss was $368 million and Adjusted EBITDA was positive $40 million

SANTA MONICA, Calif.--(BUSINESS WIRE)-- Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended September 30, 2023.

Our revenue returned to positive growth in Q3, increasing 5% year-over-year and flowing through to positive adjusted EBITDA as our reprioritized cost structure demonstrated the leverage in our business model, said Evan Spiegel, CEO. We are focused on improving our... More