Snap (SNAP) Tops Q3 EPS by 26c
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Snap Inc. Announces Third Quarter 2023 Financial Results
October 24, 2023 4:10 PM EDTRevenue increased 5% year-over-year to $1,189 million
Daily Active Users increased 12% year-over-year to 406 million
Net loss was $368 million and Adjusted EBITDA was positive $40 million
SANTA MONICA, Calif.--(BUSINESS WIRE)-- Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended September 30, 2023.
Our revenue returned to positive growth in Q3, increasing 5% year-over-year and flowing through to positive adjusted EBITDA as our reprioritized cost structure demonstrated the leverage in our business model, said Evan Spiegel, CEO. We are focused on improving our... More
