Snap (SNAP) Q1 2025 Earnings Call April 29, 2025 09:54 PM ET Speaker0 Good afternoon, everyone, and welcome to Snap Inc. First Quarter twenty twenty five Earnings Conference Call. At this time, participants are in a listen only mode. I would now like to turn the call over to David O'Mear, Head of Investor Relations. You may proceed. Speaker1 Thank you, and good afternoon, everyone. Welcome to Snap's first quarter twenty twenty five earnings conference call. With us today are Evan Spiegel, Chief Executive Of ...

For the quarter ended March 2025, Snap (SNAP) reported revenue of $1.36 billion, up 14.1% over the same period last year. EPS came in at $0.04, compared to $0.03 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.35 billion, representing a surprise of +1.15%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.04.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...

业绩总结 - 2025年第一季度收入为13.63亿美元，同比增长14%[8] - GAAP毛利率为53%，较去年同期的52%有所提升[8] - 净亏损为1.4亿美元，较去年同期的3.05亿美元有所减少[8] - 自由现金流为1.14亿美元，较去年同期的3800万美元显著增长[16] - 2025年第一季度，调整后的EBITDA为1.08亿美元，过去12个月累计为5.71亿美元[68] - 2025年第一季度，净收入（亏损）改善54%[68] - 2025年第一季度，运营现金流同比增长72%，达到1.52亿美元[79] - 2025年第一季度，回购2730万股股票，成本为2.57亿美元[73] - 2025年第一季度，现金、现金等价物和可交易证券总额为32亿美元[88] - 2025年第一季度，债务总额从37亿美元下降至35亿美元[88] 用户数据 - 每日活跃用户（DAU）为4.6亿，同比增长9%[32] - 月活跃用户（MAU）超过9亿，朝着10亿的目标迈进[32] - 每用户平均收入（ARPU）为2.96美元，较去年同期的2.83美元有所上升[8] - 2025年第一季度，经过流程和控制的改进，DAU的计算准确性提高，导致DAU增加不足1%[106] - 在2024年，若未进行改进，Rest of World地区的DAU年同比增长将为15%而非16%[106] 研发与费用 - 2023年第四季度，GAAP研发费用为483,528千美元，2024年3月31日降至449,759千美元[96] - 调整后的研发费用在2023年12月31日为225,807千美元，预计在2024年3月31日降至205,218千美元[96] - 2023年第四季度，GAAP运营费用为9.88亿美元，调整后的运营费用为5.87亿美元[92] - GAAP运营费用率同比改善13个百分点，调整后的运营费用率同比改善3个百分点[60] 财务指标 - 基于非GAAP的调整后毛利率为53%[52] - 基于非GAAP的调整后运营费用率为55%[57] - 2024年3月31日的调整后销售和市场费用为192,608千美元，2023年12月31日为275,811千美元[96] - 2024年3月31日的调整后管理费用为168,412千美元，2023年12月31日为229,157千美元[96] - 调整后的EBITDA在2024年3月31日为159,149千美元，2023年12月31日为45,659千美元[98] - 调整后的EBITDA利润率在2024年3月31日为12%，2023年12月31日为4%[98] 其他信息 - 公司使用非GAAP财务指标来补充合并财务报表，以更好地理解和评估核心运营表现[100] - 自由现金流被定义为经营活动提供的净现金减去财产和设备的购买，认为是重要的流动性指标[100] - 调整后的EBITDA被定义为净收入（损失）排除利息收入、利息支出、其他收入（支出）等项目，帮助识别业务的潜在趋势[100] - 公司在用户注册过程中实施措施以防止恶意账户的创建，但未能确定此类账户的数量[103] - 公司认为其用户指标的计算可能因技术问题而不准确，且未调整报告的指标以反映这种低报[103]

Snap (SNAP) came out with quarterly earnings of $0.04 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company behind Snapchat would post earnings of $0.14 per share when it actually produced earnings of $0.16, delivering a surprise of 14.29%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Snap, which belongs to the ...

As part of its Q1 2025 earnings release, Snap said it’s scrapping plans for a simplified version of its app. The news comes seven months after Snapchat began testing a redesigned version of the app without the Snap Map or Stories tabs. The new version consolidated the app’s navigation bar around three icons: chat, camera, and Snapchat’s TikTok competitor, Spotlight. Instead of continuing to test the simplified version, the social network is now going to begin experimenting with a “refined five-tab interfac ...

Snapchat parent Snap saw its stock droop in late trade after reporting first-quarter financials accompanied by a dose of realism even as monthly active users hit 900 million in the first quarter of 2025. “Given the uncertainty with respect to how macro economic conditions may evolve in the months ahead, and how this may impact advertising demand more broadly, we do not intend to share formal financial guidance for Q2,” the company said in its letter to shareholders. “While our topline revenue has continued ...

Tech company and Snapchat parent Snap Inc SNAP reported first-quarter financial results after market close Tuesday.Here are the key highlights.What Happened: Snap reported first-quarter revenue of $1.36 billion, up 14% year-over-year. The revenue total beat a Street consensus estimate of $1.35 billion according to data from Benzinga Pro.The company reported an adjusted loss of 8 cents per share, beating a Street consensus estimate of a loss of 13 cents per share.Snap had 460 million daily active users at th ...

Snap CEO Evan Spiegel speaks during the Semafor World Economy Summit 2025 at Conrad Washington on April 23, 2025 in Washington, DC.Snap reported better-than-expected first-quarter revenue Tuesday but declined to provide guidance, citing macroeconomic uncertainties that could weigh on advertising demand.Shares fell more than 11% in after-hours trading.Here is how the company did compared with Wall Street's expectations:Earnings per share: Loss of 8 cents. That figure is not comparable to analysts' estimates. ...

Exhibit 99.1 Snap Inc. Announces First Quarter 2025 Financial Results First quarter revenue increased 14% year-over-year to $1,363 million Daily Active Users increased 9% year-over-year to 460 million Net loss improved 54% year-over-year to $140 million Adjusted EBITDA improved 137% year-over-year to $108 million SANTA MONICA, Calif. – April 29, 2025 – Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended March 31, 2025. "We surpassed an important milestone in Q1, with our community ...

Snap (SNAP 3.92%) will deliver key insights to shareholders on April 29 that investors will not want to miss.*Stock prices used were the afternoon prices of April 22, 2025. The video was published on April 24, 2025. ...