'Snap gets Snipped': SNAP crashes 30% on higher-than-expected loss for Q1

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Snap Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

February 6, 2024 4:10 PM EST

Daily Active Users increased 10% year-over-year to 414 million

Fourth quarter revenue increased 5% year-over-year to $1,361 million

Fourth quarter operating cash flow of $165 million and Free Cash Flow of $111 million

SANTA MONICA, Calif.--(BUSINESS WIRE)-- Snap Inc. (NYSE: SNAP) today announced financial results for the quarter and full year ended December 31, 2023.

2023 was a pivotal year for Snap, as we transformed our advertising business and continued to expand our global community, reaching 414 million daily active users, said Evan Spiegel, CEO. Snapchat... More