NYSE$SNAP
Snapchat Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Snapchat's Q2 2023 results reflected growth in daily active users, progress in advertising ROI, and expansion of Snapchat+ subscribers.
Snap Inc. announced its Q2 2023 financial results, reporting a revenue of $1,068 million, a net loss of $377 million, and 397 million daily active users. The company saw growth in user engagement and made strides in its advertising platform and augmented reality capabilities.
- Daily Active Users (DAUs) increased by 14% year-over-year to 397 million.
- Total time spent watching Spotlight content more than tripled year-over-year.
- Snapchat+ reached over 4 million paying subscribers one year after launch.
- The company is focused on accelerating and diversifying revenue growth through improvements to its advertising platform and augmented reality platform.
Headline financials
Revenue & EPS history
Snapchat · Revenue · Quarterly
$1.07B
Forward guidance
Snap Inc. anticipates continued robust growth in its global community, with Q3 DAU expected to reach 405 million to 406 million. Revenue is estimated to be between $1,070 to $1,130 million, and Adjusted EBITDA is expected to be between negative $50 million and negative $100 million.
Tailwinds
- Continued robust growth in global community is anticipated.
- Q3 DAU is expected to reach 405 million to 406 million.
- Focus on improving advertising platform.
- Investment in ML, AI, and other infrastructure to improve ad performance.
- Careful calibration of operating investments to focus on essential inputs.
Headwinds
- Business remains in a period of rapid transition.
- Forward visibility of advertising demand remains limited.
- Q3 revenue implies negative 5% to flat year-over-year growth.
- Adjusted EBITDA is estimated to be between negative $50 million and negative $100 million.
- Estimated infrastructure costs per DAU of $0.79 to $0.84 in Q3.
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 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