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.