NYSE$SNAP

Snapchat Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Snapchat's Q3 2022 results showed community growth and strategic focus amidst a volatile macroeconomic environment.

Snap Inc. reported a 6% increase in revenue to $1,128 million and a 19% increase in daily active users (DAU) to 363 million year-over-year. The company's net loss was $360 million, including restructuring charges of $155 million. Despite the net loss, Snap's community growth reflects its long-term potential.

  • Daily Active Users (DAUs) increased by 19% year-over-year, reaching 363 million.
  • Revenue increased by 6% year-over-year, totaling $1,128 million.
  • Snapchat+ subscription service reached over 1.5 million paying subscribers.
  • The company authorized a stock repurchase program of up to $500 million of its Class A common stock

Headline financials

Total Revenue

$1.13B

Previous: $1.07B+5.7%
EPS (adj)

$0.08

Previous: $0.17-52.9%
Global DAU

363.0M

Previous: 306.0M+18.6%
NA DAU

100.0M

No prior period
EU DAU

88.0M

No prior period
RoW DAU

175.0M

No prior period
Global ARPU

$3.11

Previous: $3.49-10.9%
NA ARPU

$8.13

No prior period
EU ARPU

$1.83

No prior period
RoW ARPU

$0.89

No prior period
Capital Expenditures

-$37.8M

Previous: -$19.8M-90.7%
Free Cash Flow

-$397M

Previous: -$91.8M-332.9%
Net Income

-$360M

Previous: -$72M-399.6%
Operating Income

-$435M

Previous: -$181M-140.7%
Gross Profit

$662M

Previous: $624M+6.0%
Cash & Equivalents

$1.92B

Previous: $1.97B-2.7%
Total Assets

$8.29B

Previous: $7.11B+16.5%
Stock-Based Comp

$343M

Previous: $301M+14.0%

Revenue & EPS history

Snapchat · Revenue · Quarterly

$1.13B

Q3 2022+5.7%vs Q3 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Given uncertainties related to the operating environment, Snap Inc. is not providing its expectations for revenue or adjusted EBITDA for the fourth 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 Q3 2022

Historical avgQ3 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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