NYSE$SNAP

Snapchat Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Snapchat's Q2 results were announced, revealing an increase in Daily Active Users but financial results did not meet expectations.

Snap Inc. reported a 13% increase in revenue year-over-year, reaching $1,111 million. Daily Active Users (DAU) also saw an 18% increase, totaling 347 million. However, the company experienced a net loss of $422 million and negative operating and free cash flows.

  • Daily Active Users (DAUs) increased 18% year-over-year to 347 million.
  • Revenue increased 13% year-over-year to $1,111 million.
  • Net loss was $422 million, compared to $152 million in the prior year.
  • Free Cash Flow was $(147) million, compared to $(116) million in the prior year.

Headline financials

Total Revenue

$1.11B

Previous: $982M+13.1%
EPS (adj)

-$0.02

Previous: $0.10-120.0%
Global DAU

347.0M

Previous: 293.0M+18.4%
NA DAU

99.0M

Previous: 95.0M+4.2%
EU DAU

86.0M

Previous: 78.0M+10.3%
RoW DAU

162.0M

Previous: 120.0M+35.0%
Global ARPU

$3.20

Previous: $3.35-4.5%
NA ARPU

$7.93

Previous: $7.37+7.6%
EU ARPU

$1.98

Previous: $1.95+1.5%
RoW ARPU

$0.96

Previous: $1.07-10.3%
Capital Expenditures

-$23.4M

Previous: -$14.6M-59.8%
Free Cash Flow

-$445M

Previous: -$166M-167.9%
Net Income

-$422M

Previous: -$152M-178.3%
Operating Income

-$401M

Previous: -$193M-108.3%
Gross Profit

$665M

Previous: $537M+23.7%
Cash & Equivalents

$2.3B

Previous: $2.05B+12.0%
Total Assets

$8.79B

Previous: $6.82B+28.9%
Stock-Based Comp

$319M

Previous: $257M+24.2%

Revenue & EPS history

Snapchat · Revenue · Quarterly

$1.11B

Q2 2022+13.1%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Due to uncertainties related to the operating environment, Snap Inc. is not providing expectations for revenue or adjusted EBITDA for the third quarter of 2022.

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 Q2 2022

Historical avgQ2 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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