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Snap Inc. Announces Third Quarter 2024 Financial Results

Third quarter revenue increased 15% year-over-year to $1,373 million

Daily Active Users increased 9% year-over-year to 443 million

Net loss improved 58% year-over-year to $153 million

Adjusted EBITDA improved 229% year-over-year to $132 million

SANTA MONICA, Calif.–(BUSINESS WIRE)–Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended September 30, 2024.


I’m proud of the team’s progress this quarter, delivering strong community growth and deepening engagement while driving improved financial performance,” said Evan Spiegel, CEO. “Our investments in AI and AR are powering new creative experiences for our community and driving innovation across our advertising platform, underpinning our long-term growth opportunity.”

Snap Inc. also announced today its board of directors has authorized a stock repurchase program of up to $500 million of its Class A common stock. Repurchases of the Class A common stock may be made from time to time, either through open market transactions (including through Rule 10b5-1 trading plans) or through privately negotiated transactions in accordance with applicable securities laws. The timing and actual number of shares repurchased will depend on a variety of factors, including stock price, trading volume, market and economic conditions, and other general business considerations. Repurchases under the program have been authorized for 12 months but the program may be initiated, modified, suspended, or terminated at any time during such period.

The goal of the program is to utilize the company’s strong balance sheet to opportunistically offset a portion of the dilution related to the issuance of restricted stock units to employees as part of the overall compensation program designed to foster an ownership culture.

Repurchases under this program will be funded from existing cash and cash equivalents. As of September 30, 2024, Snap had $3.2 billion in cash, cash equivalents, and marketable securities.

Q3 2024 Financial Summary

  • Revenue was $1,373 million, compared to $1,189 million in the prior year, an increase of 15% year-over-year.
  • Net loss was $153 million, compared to $368 million in the prior year.
  • Adjusted EBITDA was $132 million, compared to $40 million in the prior year.
  • Operating cash flow was $116 million, compared to $13 million in the prior year.
  • Free Cash Flow was $72 million, compared to $(61) million in the prior year.

 

Three Months Ended

September 30,

 

Percent

Change

 

Nine Months Ended

September 30,

 

Percent

Change

 

2024

 

2023

 

 

2024

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands, except per share amounts)

(Unaudited)

(NM = Not Meaningful)

Revenue

$

1,372,574

 

 

$

1,188,551

 

 

15

%

 

$

3,804,115

 

 

$

3,244,828

 

 

17

%

Operating loss

$

(173,210

)

 

$

(380,063

)

 

54

%

 

$

(760,417

)

 

$

(1,149,666

)

 

34

%

Net loss

$

(153,247

)

 

$

(368,256

)

 

58

%

 

$

(706,957

)

 

$

(1,074,238

)

 

34

%

Adjusted EBITDA (1)

$

131,962

 

 

$

40,094

 

 

229

%

 

$

232,598

 

 

$

2,428

 

 

NM

 

Net cash provided by (used in) operating activities

$

115,872

 

 

$

12,781

 

 

NM

 

 

$

182,847

 

 

$

81,947

 

 

123

%

Free Cash Flow (2)

$

71,831

 

 

$

(60,654

)

 

218

%

 

$

36,296

 

 

$

(76,061

)

 

148

%

Diluted net loss per share attributable to common stockholders

$

(0.09

)

 

$

(0.23

)

 

61

%

 

$

(0.43

)

 

$

(0.67

)

 

36

%

Non-GAAP diluted net income (loss) per share (3)

$

0.08

 

 

$

0.02

 

 

300

%

 

$

0.13

 

 

$

0.01

 

 

NM

 

(1)

See page 10 for a reconciliation of net loss to Adjusted EBITDA. Total restructuring charges for the nine months ended September 30, 2024, and excluded from Adjusted EBITDA, were $72.0 million. No restructuring charges were incurred during the three months ended September 30, 2024. Total restructuring charges for the three and nine months ended September 30, 2023, and excluded from Adjusted EBITDA, were $18.6 million.

(2)

See page 10 for a reconciliation of net cash provided by (used in) operating activities to Free Cash Flow.

(3)

See page 11 for a reconciliation of diluted net loss per share to non-GAAP diluted net income (loss) per share.

Q3 2024 Summary & Key Highlights

We deepened engagement with our community:

  • DAUs were 443 million in Q3 2024, an increase of 37 million, or 9% year-over-year.
  • Total time spent watching content increased 25% year-over-year.
  • Spotlight reached more than 500 million monthly active users on average in Q3, an increase of 21% year-over-year.
  • Over a billion Snaps were shared publicly on Snapchat every month in Q3 from our community, creators, and media partners.
  • We announced an expanded strategic partnership with Google Cloud to power additional generative AI experiences within My AI, our AI-powered chatbot.
  • We introduced new AI-enabled features to spark conversations, make great Snaps, and discover new things, like bringing AI to Memories and improving My AI’s ability to problem solve.
  • We launched new safety tools and resources designed to help educators and school administrators understand how their students use Snapchat, the key protections available to them, and resources to assist in their efforts to create safe and supportive environments for students.

We are focused on accelerating and diversifying our revenue growth:

  • Snapchat+ reached 12 million subscribers in Q3, more than doubling year-over-year.
  • Ongoing momentum with our direct response products and growth in small- and medium-size businesses contributed to total active advertisers more than doubling year-over-year in Q3.
  • We are in the early stages of experimenting with two new ad formats, Sponsored Snaps and Promoted Places, to help businesses reach Snapchatters in engaging ways across our differentiated service.
  • We launched First Lens Unlimited, which offers advertisers the first impression of the day in the first slot of the Lens Carousel, allowing them to reach our community at greater scale.
  • We launched State-specific First Story, which allows US advertisers to target First Story takeover campaigns to individual states or to reach the entire country with different creative for each state, as selected by the advertiser.

We invested in our augmented reality platform:

  • We introduced the fifth generation of Spectacles, our new see-through, standalone AR glasses that enable developers to use Lenses and experience the world together with friends, powered by Snap OS.
  • Snap OS is our brand new and groundbreaking operating system with a natural interface that uses hands and voice, with no controller required. The Snap Spatial Engine understands the world around you so that Lenses appear realistically in three dimensions.
  • More than 375,000 AR creators, developers, and teams from nearly every country in the world have built over 4 million Lenses.
  • Over 150 million Spotlight videos have been created this year featuring Lenses made by our talented community of Lens Creators.
  • Over 225 million Snapchatters engaged with more than 25 custom Olympic-related AR experiences globally during the Paris 2024 Games.
  • We’re rolling out a slate of new GenAI Suite features in Lens Studio that make it faster and easier to bring your creativity to life, including Animation Blending, Body Morph, and Icon Generation.
  • We’re making AR creation simpler with Easy Lens, a new tool that makes it possible to build Lenses in a matter of minutes, just by typing into a text prompt.

Q4 2024 Outlook

Snap Inc. will discuss its Q4 2024 outlook during its Q3 2024 Earnings Call (details below) and in its investor letter available at investor.snap.com.

Conference Call Information

Snap Inc. will host a conference call to discuss the results at 2:00 p.m. Pacific / 5:00 p.m. Eastern today. The live audio webcast along with supplemental information will be accessible at investor.snap.com. A recording of the webcast will also be available following the conference call.

Snap Inc. uses its websites (including snap.com and investor.snap.com) as means of disclosing material non-public information and for complying with its disclosure obligation under Regulation FD.

Definitions

Free Cash Flow is defined as net cash provided by (used in) operating activities, reduced by purchases of property and equipment.

Common shares outstanding plus shares underlying stock-based awards includes common shares outstanding, restricted stock units, restricted stock awards, and outstanding stock options.

Adjusted EBITDA is defined as net income (loss), excluding interest income; interest expense; other income (expense), net; income tax benefit (expense); depreciation and amortization; stock-based compensation expense; payroll and other tax expense related to stock-based compensation; and certain other items impacting net income (loss) from time to time.

A Daily Active User (DAU) is defined as a registered and logged-in Snapchat user who visits Snapchat through our applications or websites at least once during a defined 24-hour period. We calculate average DAUs for a particular quarter by adding the number of DAUs on each day of that quarter and dividing that sum by the number of days in that quarter.

Average revenue per user (ARPU) is defined as quarterly revenue divided by the average DAUs.

A Monthly Active User (MAU) is defined as a registered and logged-in Snapchat user who visits Snapchat through our applications or websites at least once during the 30-day period ending on the calendar month-end. We calculate average Monthly Active Users for a particular quarter by calculating the average of the MAUs as of each calendar month-end in that quarter.

Note: For adjustments and additional information regarding the non-GAAP financial measures and other items discussed, please see “Non-GAAP Financial Measures,” “Reconciliation of GAAP to Non-GAAP Financial Measures,” and “Supplemental Financial Information and Business Metrics.”

About Snap Inc.

Snap Inc. is a technology company. We believe the camera presents the greatest opportunity to improve the way people live and communicate. We contribute to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together. For more information, visit snap.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding guidance, our future results of operations or financial condition, future stock repurchase programs or stock dividends, business strategy and plans, user growth and engagement, product initiatives, objectives of management for future operations, and advertiser and partner offerings, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “going to,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” or the negative of these words or other similar terms or expressions. We caution you that the foregoing may not include all of the forward-looking statements made in this press release.

You should not rely on forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this press release primarily on our current expectations and projections about future events and trends, including our financial outlook, macroeconomic uncertainty, and geo-political events and conflicts, that we believe may continue to affect our business, financial condition, results of operations, and prospects. These forward-looking statements are subject to risks and uncertainties related to: our financial performance; our ability to attain and sustain profitability; our ability to generate and sustain positive cash flow; our ability to attract and retain users, partners, and advertisers; competition and new market entrants; managing our growth and future expenses; compliance with new laws, regulations, and executive actions; our ability to maintain, protect, and enhance our intellectual property; our ability to succeed in existing and new market segments; our ability to attract and retain qualified team members and key personnel; our ability to repay or refinance outstanding debt, or to access additional financing; future acquisitions, divestitures, or investments; and the potential adverse impact of climate change, natural disasters, health epidemics, macroeconomic conditions, and war or other armed conflict, as well as risks, uncertainties, and other factors described in “Risk Factors” and elsewhere in our most recent periodic report filed with the U.S. Securities and Exchange Commission, or SEC, which is available on the SEC’s website at www.sec.gov. Additional information will be made available in our periodic report that will be filed with the SEC for the period covered by this press release and other filings that we make from time to time with the SEC. In addition, any forward-looking statements contained in this press release are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, including future developments related to geo-political events and conflicts and macroeconomic conditions, except as required by law.

Non-GAAP Financial Measures

To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use certain non-GAAP financial measures, as described below, to understand and evaluate our core operating performance. These non-GAAP financial measures, which may be different than similarly titled measures used by other companies, are presented to enhance investors’ overall understanding of our financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

We use the non-GAAP financial measure of Free Cash Flow, which is defined as net cash provided by (used in) operating activities, reduced by purchases of property and equipment. We believe Free Cash Flow is an important liquidity measure of the cash that is available, after capital expenditures, for operational expenses and investment in our business and is a key financial indicator used by management. Additionally, we believe that Free Cash Flow is an important measure since we use third-party infrastructure partners to host our services and therefore we do not incur significant capital expenditures to support revenue generating activities. Free Cash Flow is useful to investors as a liquidity measure because it measures our ability to generate or use cash. Once our business needs and obligations are met, cash can be used to maintain a strong balance sheet and invest in future growth.

We use the non-GAAP financial measure of Adjusted EBITDA, which is defined as net income (loss), excluding interest income; interest expense; other income (expense), net; income tax benefit (expense); depreciation and amortization; stock-based compensation expense; payroll and other tax expense related to stock-based compensation; and certain other items impacting net income (loss) from time to time. We believe that Adjusted EBITDA helps identify underlying trends in our business that could otherwise be masked by the effect of the expenses that we exclude in Adjusted EBITDA.

We use the non-GAAP financial measure of non-GAAP net income (loss), which is defined as net income (loss), excluding amortization of intangible assets; stock-based compensation expense; payroll and other tax expense related to stock-based compensation; certain other items impacting net income (loss) from time to time; and related income tax adjustments. Non-GAAP net income (loss) and weighted average diluted shares are then used to calculate non-GAAP diluted net income (loss) per share. Similar to Adjusted EBITDA, we believe these measures help identify underlying trends in our business that could otherwise be masked by the effect of the expenses we exclude in the measure.

We believe that these non-GAAP financial measures provide useful information about our financial performance, enhance the overall understanding of our past performance and future prospects, and allow for greater transparency with respect to key metrics used by our management for financial and operational decision-making. We are presenting these non-GAAP measures to assist investors in seeing our financial performance through the eyes of management, and because we believe that these measures provide an additional tool for investors to use in comparing our core financial performance over multiple periods with other companies in our industry.

For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measure, please see “Reconciliation of GAAP to Non-GAAP Financial Measures.”

Snap Inc., “Snapchat,” and our other registered and common law trade names, trademarks, and service marks are the property of Snap Inc. or our subsidiaries.

SNAP INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands, unaudited)

 

 

 

 

 

Three Months Ended

September 30,

 

Nine Months Ended

September 30,

 

2024

 

2023

 

2024

 

2023

Cash flows from operating activities

 

 

 

 

 

 

 

Net loss

$

(153,247

)

 

$

(368,256

)

 

$

(706,957

)

 

$

(1,074,238

)

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:

 

 

 

 

 

 

 

Depreciation and amortization

 

38,850

 

 

 

41,209

 

 

 

118,493

 

 

 

116,117

 

Stock-based compensation

 

260,229

 

 

 

357,933

 

 

 

783,292

 

 

 

990,807

 

Amortization of debt issuance costs

 

2,717

 

 

 

1,842

 

 

 

6,667

 

 

 

5,517

 

Losses (gains) on debt and equity securities, net

 

536

 

 

 

21,155

 

 

 

12,166

 

 

 

5,888

 

Other

 

2,200

 

 

 

(4,395

)

 

 

(3,829

)

 

 

(31,098

)

Change in operating assets and liabilities, net of effect of acquisitions:

 

 

 

 

 

 

 

Accounts receivable, net of allowance

 

(51,941

)

 

 

(128,972

)

 

 

73,350

 

 

 

55,772

 

Prepaid expenses and other current assets

 

11,914

 

 

 

(837

)

 

 

(36,241

)

 

 

(15,139

)

Operating lease right-of-use assets

 

12,731

 

 

 

17,904

 

 

 

41,235

 

 

 

53,379

 

Other assets

 

3,090

 

 

 

(2,767

)

 

 

(3,007

)

 

 

(3,192

)

Accounts payable

 

(16,642

)

 

 

(16,951

)

 

 

(112,287

)

 

 

(45,497

)

Accrued expenses and other current liabilities

 

19,331

 

 

 

105,907

 

 

 

46,771

 

 

 

68,697

 

Operating lease liabilities

 

(16,384

)

 

 

(16,181

)

 

 

(44,254

)

 

 

(52,523

)

Other liabilities

 

2,488

 

 

 

5,190

 

 

 

7,448

 

 

 

7,457

 

Net cash provided by (used in) operating activities

 

115,872

 

 

 

12,781

 

 

 

182,847

 

 

 

81,947

 

Cash flows from investing activities

 

 

 

 

 

 

 

Purchases of property and equipment

 

(44,041

)

 

 

(73,435

)

 

 

(146,551

)

 

 

(158,008

)

Purchases of strategic investments

 

 

 

 

 

 

 

(2,000

)

 

 

(7,770

)

Sales of strategic investments

 

557

 

 

 

5,151

 

 

 

1,572

 

 

 

5,151

 

Cash paid for acquisitions, net of cash acquired

 

 

 

 

 

 

 

 

 

 

(50,254

)

Purchases of marketable securities

 

(705,066

)

 

 

(537,046

)

 

 

(1,945,590

)

 

 

(2,042,317

)

Sales of marketable securities

 

187,754

 

 

 

16,451

 

 

 

354,311

 

 

 

107,724

 

Maturities of marketable securities

 

337,985

 

 

 

557,579

 

 

 

1,170,066

 

 

 

2,093,737

 

Other

 

 

 

 

(308

)

 

 

(100

)

 

 

(432

)

Net cash provided by (used in) investing activities

 

(222,811

)

 

 

(31,608

)

 

 

(568,292

)

 

 

(52,169

)

Cash flows from financing activities

 

 

 

 

 

 

 

Proceeds from issuance of convertible notes, net of issuance costs

 

 

 

 

 

 

 

740,350

 

 

 

 

Purchase of capped calls

 

 

 

 

 

 

 

(68,850

)

 

 

 

Proceeds from termination of capped calls

 

 

 

 

 

 

 

62,683

 

 

 

 

Proceeds from the exercise of stock options

 

10,304

 

 

 

5

 

 

 

12,798

 

 

 

416

 

Repurchases of Class A non-voting common stock

 

 

 

 

 

 

 

(311,069

)

 

 

 

Deferred payments for acquisitions

 

 

 

 

(10,441

)

 

 

(3,695

)

 

 

(254,557

)

Repurchases of convertible notes

 

 

 

 

 

 

 

(859,042

)

 

 

 

Other

 

 

 

 

 

 

 

(1,799

)

 

 

 

Net cash provided by (used in) financing activities

 

10,304

 

 

 

(10,436

)

 

 

(428,624

)

 

 

(254,141

)

Change in cash, cash equivalents, and restricted cash

 

(96,635

)

 

 

(29,263

)

 

 

(814,069

)

 

 

(224,363

)

Cash, cash equivalents, and restricted cash, beginning of period

 

1,065,028

 

 

 

1,228,676

 

 

 

1,782,462

 

 

 

1,423,776

 

Cash, cash equivalents, and restricted cash, end of period

$

968,393

 

 

$

1,199,413

 

 

$

968,393

 

 

$

1,199,413

 

SNAP INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts, unaudited)

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

2024

 

2023

 

2024

 

2023

Revenue

$

1,372,574

 

 

$

1,188,551

 

 

$

3,804,115

 

 

$

3,244,828

 

Costs and expenses:

 

 

 

 

 

 

 

Cost of revenue

 

638,907

 

 

 

555,753

 

 

 

1,802,577

 

 

 

1,492,613

 

Research and development

 

412,791

 

 

 

494,559

 

 

 

1,268,746

 

 

 

1,427,334

 

Sales and marketing

 

273,107

 

 

 

297,251

 

 

 

815,461

 

 

 

846,281

 

General and administrative

 

220,979

 

 

 

221,051

 

 

 

677,748

 

 

 

628,266

 

Total costs and expenses

 

1,545,784

 

 

 

1,568,614

 

 

 

4,564,532

 

 

 

4,394,494

 

Operating loss

 

(173,210

)

 

 

(380,063

)

 

 

(760,417

)

 

 

(1,149,666

)

Interest income

 

38,533

 

 

 

43,839

 

 

 

114,893

 

 

 

124,931

 

Interest expense

 

(5,883

)

 

 

(5,521

)

 

 

(15,739

)

 

 

(16,749

)

Other income (expense), net

 

(4,355

)

 

 

(20,662

)

 

 

(25,228

)

 

 

(7,967

)

Loss before income taxes

 

(144,915

)

 

 

(362,407

)

 

 

(686,491

)

 

 

(1,049,451

)

Income tax benefit (expense)

 

(8,332

)

 

 

(5,849

)

 

 

(20,466

)

 

 

(24,787

)

Net loss

$

(153,247

)

 

$

(368,256

)

 

$

(706,957

)

 

$

(1,074,238

)

Net loss per share attributable to Class A, Class B, and Class C common stockholders:

 

 

 

 

 

 

 

Basic

$

(0.09

)

 

$

(0.23

)

 

$

(0.43

)

 

$

(0.67

)

Diluted

$

(0.09

)

 

$

(0.23

)

 

$

(0.43

)

 

$

(0.67

)

Weighted average shares used in computation of net loss per share:

 

 

 

 

 

 

 

Basic

 

1,663,011

 

 

 

1,625,917

 

 

 

1,651,756

 

 

 

1,603,672

 

Diluted

 

1,663,011

 

 

 

1,625,917

 

 

 

1,651,756

 

 

 

1,603,672

 

SNAP INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except par value)

 

 

September 30,
2024

 

December 31,
2023

 

(unaudited)

 

 

Assets

 

 

 

Current assets

 

 

 

Cash and cash equivalents

$

964,967

 

 

$

1,780,400

 

Marketable securities

 

2,227,162

 

 

 

1,763,680

 

Accounts receivable, net of allowance

 

1,195,701

 

 

 

1,278,176

 

Prepaid expenses and other current assets

 

200,902

 

 

 

153,587

 

Total current assets

 

4,588,732

 

 

 

4,975,843

 

Property and equipment, net

 

466,397

 

 

 

410,326

 

Operating lease right-of-use assets

 

516,959

 

 

 

516,862

 

Intangible assets, net

 

98,920

 

 

 

146,303

 

Goodwill

 

1,693,946

 

 

 

1,691,827

 

Other assets

 

226,463

 

 

 

226,597

 

Total assets

$

7,591,417

 

 

$

7,967,758

 

Liabilities and Stockholders’ Equity

 

 

 

Current liabilities

 

 

 

Accounts payable

$

157,471

 

 

$

278,961

 

Operating lease liabilities

 

21,311

 

 

 

49,321

 

Accrued expenses and other current liabilities

 

921,393

 

 

 

805,836

 

Convertible senior notes, net

 

36,191

 

 

 

 

Total current liabilities

 

1,136,366

 

 

 

1,134,118

 

Long-term convertible senior notes, net

 

3,605,137

 

 

 

3,749,400

 

Operating lease liabilities, noncurrent

 

577,912

 

 

 

546,279

 

Other liabilities

 

61,927

 

 

 

123,849

 

Total liabilities

 

5,381,342

 

 

 

5,553,646

 

Commitments and contingencies

 

 

 

Stockholders’ equity

 

 

 

Class A non-voting common stock, $0.00001 par value. 3,000,000 shares authorized, 1,465,785 shares issued, 1,418,062 shares outstanding at September 30, 2024, and 3,000,000 shares authorized, 1,440,541 shares issued, 1,391,341 shares outstanding at December 31, 2023.

 

14

 

 

 

14

 

Class B voting common stock, $0.00001 par value. 700,000 shares authorized, 22,523 shares issued and outstanding at September 30, 2024, and 700,000 shares authorized, 22,528 shares issued and outstanding at December 31, 2023.

 

 

 

 

 

Class C voting common stock, $0.00001 par value. 260,888 shares authorized, 231,627 shares issued and outstanding at September 30, 2024 and December 31, 2023.

 

2

 

 

 

2

 

Treasury stock, at cost. 47,723 and 49,200 shares of Class A non-voting common stock at September 30, 2024 and December 31, 2023, respectively.

 

(465,502

)

 

 

(479,903

)

Additional paid-in capital

 

15,391,284

 

 

 

14,613,404

 

Accumulated deficit

 

(12,744,562

)

 

 

(11,726,536

)

Accumulated other comprehensive income (loss)

 

28,839

 

 

 

7,131

 

Total stockholders’ equity

 

2,210,075

 

 

 

2,414,112

 

Total liabilities and stockholders’ equity

$

7,591,417

 

 

$

7,967,758

 

Contacts

Investors and Analysts:

ir@snap.com

Press:

press@snap.com

Read full story here

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