NYSE$SNAP

Snapchat Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Snapchat's revenue increased, achieving its first quarter of positive net income as a public company.

Snap Inc. reported a strong fourth quarter, with revenue increasing by 42% year-over-year to $1.3 billion. The company achieved its first quarter of positive net income as a public company, reporting $23 million in net income. Daily Active Users (DAU) increased by 20% year-over-year to 319 million.

  • Daily Active Users (DAUs) increased 20% year-over-year to 319 million.
  • Revenue increased 42% year-over-year to $1.3 billion.
  • Net income was positive for the first time as a public company, reaching $23 million.
  • Free cash flow was $161 million, compared to $(69) million in the prior year.

Headline financials

Total Revenue

$1.3B

Previous: $911M+42.4%
EPS (adj)

$0.22

Previous: $0.09+144.4%
Global DAU

319.0M

Previous: 265.0M+20.4%
NA DAU

97.0M

Previous: 92.0M+5.4%
EU DAU

82.0M

Previous: 74.0M+10.8%
RoW DAU

140.0M

Previous: 99.0M+41.4%
Global ARPU

$4.06

Previous: $3.44+18.0%
NA ARPU

$9.58

Previous: $7.19+33.2%
EU ARPU

$2.54

Previous: $1.91+33.0%
RoW ARPU

$1.12

Previous: $1.11+0.9%
Capital Expenditures

$24.6M

Previous: $16.4M+49.4%
Free Cash Flow

$161M

Previous: -$69M+333.3%
Net Income

$22.6M

Previous: -$113M+119.9%
Operating Income

-$25.1M

Previous: -$97.2M+74.2%
Gross Profit

$849M

Previous: $526M+61.4%
Cash & Equivalents

$1.99B

Previous: $547M+265.0%
Total Assets

$7.54B

Previous: $5.02B+50.0%
Stock-Based Comp

$298M

Previous: $220M+35.3%

Revenue & EPS history

Snapchat · Revenue · Quarterly

$1.3B

Q4 2021+42.4%vs Q4 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

Snap Inc. provided the following forward-looking statements for the first quarter of 2022 as of February 3, 2022:

Tailwinds

  • Revenue is estimated to be between $1,030 million and $1,080 million.
  • Adjusted EBITDA is estimated to be approximately breakeven.

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 Q4 2021

Historical avgQ4 2021

-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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