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Snap Inc | 10-Q: Q2 2024 Earnings Report

Snap Inc | 10-Q: Q2 2024 Earnings Report

Snap Inc | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/03 04:13

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Snap Inc. reported Q2 2024 revenue of $1.24 billion, up 16% year-over-year, while net loss narrowed to $248.6 million from $377.3 million in Q2 2023. Daily Active Users (DAUs) increased 9% year-over-year to 432 million, with Average Revenue Per User (ARPU) rising to $2.86 from $2.69. The company generated $55 million in Adjusted EBITDA, compared to negative $38.5 million in the prior year.Operating expenses totaled $1.49 billion, with research and development costs decreasing 15% to $406.2 million due to lower headcount. Cost of revenue increased 19% to $588.9 million, driven by infrastructure investments to support DAU growth and machine learning capabilities. The company maintained a strong liquidity position with $3.1 billion in cash and marketable securities.During the quarter, Snap completed its $500 million stock repurchase program and issued $750 million in convertible senior notes due 2030. The company also repurchased approximately $418.3 million of existing convertible notes. Management continues to focus on growing user engagement, accelerating revenue growth, and investing in augmented reality while implementing cost efficiency measures.
Snap Inc. reported Q2 2024 revenue of $1.24 billion, up 16% year-over-year, while net loss narrowed to $248.6 million from $377.3 million in Q2 2023. Daily Active Users (DAUs) increased 9% year-over-year to 432 million, with Average Revenue Per User (ARPU) rising to $2.86 from $2.69. The company generated $55 million in Adjusted EBITDA, compared to negative $38.5 million in the prior year.Operating expenses totaled $1.49 billion, with research and development costs decreasing 15% to $406.2 million due to lower headcount. Cost of revenue increased 19% to $588.9 million, driven by infrastructure investments to support DAU growth and machine learning capabilities. The company maintained a strong liquidity position with $3.1 billion in cash and marketable securities.During the quarter, Snap completed its $500 million stock repurchase program and issued $750 million in convertible senior notes due 2030. The company also repurchased approximately $418.3 million of existing convertible notes. Management continues to focus on growing user engagement, accelerating revenue growth, and investing in augmented reality while implementing cost efficiency measures.
Snap Inc. 報告稱2024年第二季度營業收入爲12.4億美金,同比增長16%,淨虧損縮小至24860萬美金,較2023年第二季度的37730萬美金有所減少。日活躍用戶數同比增長9%,達到43200萬,用戶平均收入從2.69美金上升至2.86美金。該公司實現了5500萬美金的調整後息稅折舊攤銷前利潤,而去年同期爲負3850萬美金。營業費用總計爲14.9億美金,研發成本因員工人數減少而下降15%,降至40620萬美金。營業收入成本增長19%,達到58890萬美金,主要是由於基礎設施投資以支持日活躍用戶數的增長和機器學習能力的提升。公司保持了強勁的流動性,現金和可交易證券總額爲31億美金。在本季度,Snap完成了50000萬美金的股票回購計劃,併發行了75000萬美金的2030年到期可轉換高級票據。公司還回購了大約41830萬美金的現有可轉換票據。管理層繼續關注擴大用戶參與度,加速營業收入增長,並在實施成本效率措施的同時投資於增強現實。
Snap Inc. 報告稱2024年第二季度營業收入爲12.4億美金,同比增長16%,淨虧損縮小至24860萬美金,較2023年第二季度的37730萬美金有所減少。日活躍用戶數同比增長9%,達到43200萬,用戶平均收入從2.69美金上升至2.86美金。該公司實現了5500萬美金的調整後息稅折舊攤銷前利潤,而去年同期爲負3850萬美金。營業費用總計爲14.9億美金,研發成本因員工人數減少而下降15%,降至40620萬美金。營業收入成本增長19%,達到58890萬美金,主要是由於基礎設施投資以支持日活躍用戶數的增長和機器學習能力的提升。公司保持了強勁的流動性,現金和可交易證券總額爲31億美金。在本季度,Snap完成了50000萬美金的股票回購計劃,併發行了75000萬美金的2030年到期可轉換高級票據。公司還回購了大約41830萬美金的現有可轉換票據。管理層繼續關注擴大用戶參與度,加速營業收入增長,並在實施成本效率措施的同時投資於增強現實。
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