NYSE$SNAP

Snapchat Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Snapchat's Q4 2022 earnings were announced, revealing mixed results with user growth but a net loss.

Snap Inc. reported Q4 2022 revenue of $1.3 billion, a slight increase year-over-year. Daily Active Users (DAUs) grew to 375 million, a 17% increase year-over-year. However, the company reported a net loss of $288 million, compared to a net income of $23 million in the prior year. Free Cash Flow was $78 million, down from $161 million in the prior year.

  • Daily Active Users (DAUs) increased 17% year-over-year to 375 million.
  • Q4 revenue was $1.3 billion, a slight increase compared to the prior year.
  • Net loss was $288 million, including restructuring charges of $34 million.
  • Free Cash Flow decreased to $78 million from $161 million in the prior year.

Headline financials

Total Revenue

$1.3B

Previous: $1.3B+0.2%
EPS (adj)

$0.14

Previous: $0.22-36.4%
Global DAU

375.0M

Previous: 319.0M+17.6%
NA DAU

100.0M

Previous: 97.0M+3.1%
EU DAU

92.0M

Previous: 82.0M+12.2%
RoW DAU

183.0M

Previous: 140.0M+30.7%
Global ARPU

$3.47

Previous: $4.06-14.5%
NA ARPU

$8.77

Previous: $9.58-8.5%
EU ARPU

$2.38

Previous: $2.54-6.3%
RoW ARPU

$1.10

Previous: $1.12-1.8%
Capital Expenditures

$46.9M

Previous: $24.6M+91.0%
Free Cash Flow

$78.4M

Previous: $161M-51.3%
Net Income

-$288M

Previous: $22.6M-1379.2%
Operating Income

-$288M

Previous: -$25.1M-1044.6%
Gross Profit

$818M

Previous: $849M-3.6%
Cash & Equivalents

$1.42B

Previous: $1.99B-28.7%
Total Assets

$8.03B

Previous: $7.54B+6.5%
Stock-Based Comp

$451M

Previous: $298M+51.4%

Revenue & EPS history

Snapchat · Revenue · Quarterly

$1.3B

Q4 2022+0.2%vs Q4 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Given uncertainties related to the operating environment, Snap is not providing its expectations for revenue or adjusted EBITDA for the first 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 Q4 2022

Historical avgQ4 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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