Quarterly ResultMay 6, 2026, 04:20 PM
Snap Inc. Q1 Revenue +12% to $1.53B; Adjusted EBITDA +115%
AI Summary
Snap Inc. reported strong first-quarter 2026 financial results, with revenue increasing 12% year-over-year to $1.53 billion and Adjusted EBITDA surging 115% to $233 million. The company also saw significant improvements in net loss, operating cash flow, and free cash flow. User engagement grew, with Global DAU and MAU both up 5% year-over-year, and the company highlighted progress in advertising performance, revenue diversification through "Other Revenue" (+87% YoY), and strategic investments in Specs and AI-powered features.
Key Highlights
- Revenue increased 12% year-over-year to $1,529 million.
- Net loss improved to $89 million from $140 million in the prior year.
- Adjusted EBITDA grew 115% year-over-year to $233 million.
- Free Cash Flow surged 150% year-over-year to $286 million.
- Global Daily Active Users (DAU) grew 5% year-over-year to 483 million.
- Other Revenue increased 87% year-over-year to $285 million.
- Dynamic Product Ads revenue grew over 30% year-over-year.
- North America upfront commitments for 2026 grew approximately 10% YoY.