Snap's Q1 Earning Report

👉 Financial Performance:
➡️ Revenue: Reached $1.2 billion, marking a 21% increase, fueled by strong advertising solutions.
➡️ Operating Loss: Reduced to $333 million, showing a 9% improvement.
➡️ Net Loss: Decreased to $305 million, a 7% betterment from last year.
➡️ Adjusted EBITDA: Dramatically rose to $46 million from just $813 thousand.

👉 User Engagement:
➡️ Daily Active Users (DAUs): Grew to 422 million, a 10% increase.
➡️ Spotlight content viewing: More than doubled, up over 125%.

👉 Business Developments:
➡️ Snapchat+: Subscribers more than tripled, surpassing 9 million.
➡️ Advertiser Growth: Number of small and medium-sized advertisers rose by 85%.

👉 Innovative Offerings:
➡️ Sponsored AR Filters: Expanded advertising reach via Snapchat Camera.
➡️ New CAPI Version: Improved setup and integration times for advertisers.

👉 CEO Statement:
"Our robust Q1 results reflect the strength of our community and effectiveness of our advertising solutions, setting a positive trajectory for sustained growth." - Evan Spiegel, CEO.