Snap Inc. Q1 2025 Highlights (NYSE: SNAP):

Revenue: $1.36B (+14% YoY)

DAUs: 460M (+9% YoY)

Net Loss: $(140)M (improved 54% YoY)

Adjusted EBITDA: $108M (+137% YoY)

Free Cash Flow: $114M (+202% YoY)

MAUs: Surpassed 900M

Snapchat+ Revenue: +75% YoY

Advertisers: +60% YoY; tCPA and Sponsored Snaps expanded

AR & Lens Studio: Downloads doubled; new AI features deployed

Outlook: Q2 guidance to be detailed in earnings call

Strong user growth, improved monetization, and efficient cost management signal positive momentum across Snap's platform and business lines.

Snap Inc. has announced a $1.5 billion senior notes offering and amendments to its revolving credit facility as part of its latest financial maneuvers. The company has issued 6.875% Senior Notes due 2033, with proceeds earmarked for debt repurchases and general corporate purposes. The notes will bear interest semi-annually and include provisions for early redemption under specific conditions.

Additionally, Snap has amended its revolving credit facility, extending $800 million of its total $1.05 billion capacity to 2030 while maintaining a liquidity requirement of at least $800 million. The company confirmed no outstanding balances on this facility as of the amendment date.

In a related move, Snap repurchased approximately $1.45 billion of its outstanding convertible senior notes due in 2026, 2027, and 2028. The transactions settled in mid-February.

These financial adjustments come as Snap aims to strengthen its balance sheet and enhance financial flexibility. The company emphasized that forward-looking statements regarding these transactions involve market risks and conditions that could impact final outcomes.

Snap Inc. reported a strong fourth quarter and full-year 2024 performance, with revenue increasing by 16% year-over-year to $5.36 billion. The company significantly reduced its net loss to $698 million from $1.32 billion in the prior year, while Adjusted EBITDA more than tripled to $509 million. Operating cash flow grew to $413 million, and Free Cash Flow reached $219 million.

For the fourth quarter, revenue rose 14% year-over-year to $1.56 billion, and the company posted a net income of $9 million, reversing a net loss of $248 million in Q4 2023. Adjusted EBITDA improved to $276 million, and Free Cash Flow increased to $182 million. Daily Active Users grew 9% to 453 million, and the number of active advertisers more than doubled, contributing to improved ad performance and revenue growth.

CEO Evan Spiegel highlighted progress in community growth, engagement depth, and revenue diversification, particularly in augmented reality. Snap remains focused on expanding its advertising platform and enhancing long-term revenue opportunities.