NYSE$SNAP
Snapchat Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Snapchat's Q1 2023 results showed community growth and a focus on revenue diversification, despite a slight revenue decrease year-over-year.
Snap Inc. reported a 15% year-over-year increase in Daily Active Users (DAUs), reaching 383 million. First quarter revenue was $989 million, a decrease from $1,063 million in the prior year. The company is focusing on deepening engagement with its content platform and improving its advertising platform to drive increased return on investment for advertising partners.
- Daily Active Users (DAUs) increased by 15% year-over-year to 383 million.
- Revenue for the first quarter was $989 million, a decrease compared to the prior year's $1,063 million.
- Net loss was $329 million, an improvement from the prior year's $360 million.
- Free Cash Flow was $103 million, slightly down from $106 million in the prior year.
Headline financials
Revenue & EPS history
Snapchat · Revenue · Quarterly
$989M
Forward guidance
Snap Inc. is not providing formal guidance for revenue or adjusted EBITDA for the second quarter of 2023.
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 2023
-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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro