NYSE$SNAP

Snapchat Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Snapchat's Q1 2022 performance reflected growth in community and revenue despite a challenging operating environment.

Snap Inc. announced its Q1 2022 financial results, revealing an 18% year-over-year increase in Daily Active Users (DAUs) to 332 million and a 38% year-over-year increase in revenue to $1.06 billion. The company's focus remains on providing value for its community, delivering ROI for advertising partners, and investing in augmented reality.

  • Daily Active Users (DAUs) increased by 18% year-over-year, reaching 332 million in Q1 2022.
  • Revenue increased by 38% year-over-year, reaching $1.06 billion in Q1 2022.
  • Snapchatters are highly engaged with augmented reality, with over 250 million using it daily on average.
  • The company expanded its content offerings through partnerships and new formats like Dynamic Stories.

Headline financials

Total Revenue

$1.06B

Previous: $770M+38.1%
EPS (adj)

-$0.02

Previous: -$0.19+89.5%
Global DAU

332.0M

Previous: 280.0M+18.6%
NA DAU

98.0M

Previous: 93.0M+5.4%
EU DAU

84.0M

Previous: 77.0M+9.1%
RoW DAU

150.0M

Previous: 111.0M+35.1%
Global ARPU

$3.20

Previous: $2.74+16.8%
NA ARPU

$7.77

Previous: $5.94+30.8%
EU ARPU

$1.93

Previous: $1.48+30.4%
RoW ARPU

$0.95

Previous: $0.93+2.2%
Capital Expenditures

-$21.2M

Previous: -$10.9M-95.1%
Free Cash Flow

-$381M

Previous: -$298M-27.9%
Net Income

-$360M

Previous: -$287M-25.4%
Operating Income

-$272M

Previous: -$304M+10.6%
Gross Profit

$642M

Previous: $357M+79.8%
Cash & Equivalents

$2.41B

Previous: $968M+149.3%
Total Assets

$8.94B

Previous: $5.06B+76.8%
Stock-Based Comp

$275M

Previous: $237M+16.2%

Revenue & EPS history

Snapchat · Revenue · Quarterly

$1.06B

Q1 2022+38.1%vs Q1 2021
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

Snap Inc. provided the following forward-looking statements reflecting their expectations for the second quarter of 2022 as of April 21, 2022, and are subject to substantial uncertainty.

Tailwinds

  • Revenue growth year-over-year is estimated to be between 20% and 25%.
  • Adjusted EBITDA is estimated to be between breakeven and $50 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-3.8%

Avg return

Earnings day

-2.0%

Avg return

5 days after

-2.6%

Avg return

30 days after

29%

12 / 41 earnings

Positive

+49.8%

Q4 2017

Best reaction

-35.8%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-9.5%-5.9%
Q4 2025-13.4%-11.5%-12.7%
Q3 2025-12.3%+20.0%+8.4%
Q1 2025-12.4%-5.9%-9.2%
Q4 2024-8.4%-7.7%-16.2%
Q3 2024+17.8%+17.0%+8.4%
Q2 2024-29.7%-35.1%-29.9%
Q1 2024+31.3%+35.8%+37.4%
Q4 2023-31.9%-33.7%-29.3%
Q3 2023-3.2%-2.0%+29.7%
Q2 2023-15.4%-15.8%-26.1%
Q1 2023-11.8%-15.9%+4.0%
Q4 2022-6.5%-0.8%-8.9%
Q3 2022-28.5%-11.6%-3.1%
Q2 2022-35.8%-37.9%-25.5%
Q1 2022-3.3%-6.7%-24.4%
Q4 2021+21.3%+17.1%+3.2%
Q3 2021-27.1%-26.8%-32.2%
Q2 2021+23.0%+16.7%+14.7%
Q1 2021+5.1%+3.8%-2.9%
Q4 2020+7.4%+6.0%-3.1%
Q3 2020+27.4%+50.6%+47.6%
Q2 2020-8.2%-12.3%-13.6%
Q1 2020+31.7%+23.8%+35.8%
Q4 2019-11.2%-6.0%-24.0%
Q3 2019-9.6%-4.3%+3.4%
Q2 2019+24.5%+26.4%+13.6%
Q1 2019-2.3%-5.4%-3.6%
Q4 2018+24.0%+31.3%+36.9%
Q3 2018-4.7%-2.4%-5.9%
Q2 2018-6.3%-5.7%-24.9%
Q1 2018-23.0%-24.7%-20.5%
Q4 2015-6.4%-12.4%-12.2%
Q4 2017+49.8%+35.7%+27.4%
Q3 2016-18.1%-18.0%-0.3%
Q3 2017-12.9%-14.0%-0.9%
Q2 2016-8.5%-4.7%+11.4%
Q2 2017-12.8%-6.0%+13.1%
Q4 2016-16.7%-9.6%-21.3%
Q1 2016-16.7%-9.6%-21.3%
Q1 2017-22.6%-11.1%-22.5%
Q3 2015
Q2 2015
Q1 2015

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