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Snap Inc | 8-K: Snap Inc. Announces Third Quarter 2024 Financial Results

Snap Inc | 8-K: Snap Inc. Announces Third Quarter 2024 Financial Results

Snap Inc | 8-K:Snap Inc. 公布2024年第三季度财务业绩
美股SEC公告 ·  2024/10/30 04:14

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Snap Inc. reported strong Q3 2024 financial results with revenue increasing 15% year-over-year to $1.37 billion, driven by 16% growth in direct response advertising and doubled Snapchat+ subscribers. Daily Active Users (DAU) grew 9% YoY to 443 million, while net loss improved 58% to $153 million.The company achieved significant operational improvements with Adjusted EBITDA increasing 229% YoY to $132 million and Free Cash Flow reaching $72 million. Total active advertisers more than doubled year-over-year, while Snapchat+ reached 12 million subscribers. The company maintained a strong balance sheet with $3.2 billion in cash and marketable securities.Snap's board authorized a new $500 million stock repurchase program for its Class A common stock over the next 12 months. For Q4 2024, the company projects revenue growth of 11-15% YoY to $1.51-1.56 billion and expects DAU to reach approximately 451 million, while targeting Adjusted EBITDA between $210-260 million.
Snap Inc. reported strong Q3 2024 financial results with revenue increasing 15% year-over-year to $1.37 billion, driven by 16% growth in direct response advertising and doubled Snapchat+ subscribers. Daily Active Users (DAU) grew 9% YoY to 443 million, while net loss improved 58% to $153 million.The company achieved significant operational improvements with Adjusted EBITDA increasing 229% YoY to $132 million and Free Cash Flow reaching $72 million. Total active advertisers more than doubled year-over-year, while Snapchat+ reached 12 million subscribers. The company maintained a strong balance sheet with $3.2 billion in cash and marketable securities.Snap's board authorized a new $500 million stock repurchase program for its Class A common stock over the next 12 months. For Q4 2024, the company projects revenue growth of 11-15% YoY to $1.51-1.56 billion and expects DAU to reach approximately 451 million, while targeting Adjusted EBITDA between $210-260 million.
Snap Inc.报告了2024年第三季度强劲的财务业绩,营业收入同比增长15%至13.7亿美金,这主要得益于直接响应广告增长16%以及Snapchat+订阅用户数增加。日活跃用户数同比增长9%,达到44300万,而净亏损改善58%至15300万美金。公司实现了显著的运营改善,调整后的EBITDA同比增长229%,达到13200万美金,自由现金流达到7200万美金。活跃广告商总数同比增加了一倍以上,同时Snapchat+的订阅用户数达到了1200万。公司保持了强健的资产负债表,现金和可售证券总额为32亿美金。Snap的董事会批准了一项新的50000万美金的股票回购计划,用于在未来12个月内回购其A类普通股票。对于2024年第四季度,公司预计营业收入将同比增长11-15%,达到151-156亿美金,并预计日活跃用户数将达到约45100万,同时目标调整后的EBITDA在21000-26000万美金之间。
Snap Inc.报告了2024年第三季度强劲的财务业绩,营业收入同比增长15%至13.7亿美金,这主要得益于直接响应广告增长16%以及Snapchat+订阅用户数增加。日活跃用户数同比增长9%,达到44300万,而净亏损改善58%至15300万美金。公司实现了显著的运营改善,调整后的EBITDA同比增长229%,达到13200万美金,自由现金流达到7200万美金。活跃广告商总数同比增加了一倍以上,同时Snapchat+的订阅用户数达到了1200万。公司保持了强健的资产负债表,现金和可售证券总额为32亿美金。Snap的董事会批准了一项新的50000万美金的股票回购计划,用于在未来12个月内回购其A类普通股票。对于2024年第四季度,公司预计营业收入将同比增长11-15%,达到151-156亿美金,并预计日活跃用户数将达到约45100万,同时目标调整后的EBITDA在21000-26000万美金之间。
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