Quarterly ResultMay 7, 2026, 06:09 AM
Snap Q1 Revenue $1.53B, Net Loss Narrows to $89M
AI Summary
Snap Inc. reported a 12.1% increase in Q1 2026 revenue to $1.53 billion, with net loss significantly narrowing to $89.0 million from $139.6 million in the prior year. The company also saw a substantial rise in net cash provided by operating activities, reaching $326.8 million. Snap continued its share repurchase program, buying back $350.5 million of Class A common stock, and made business acquisitions totaling $51.7 million.
Key Highlights
- Q1 2026 Revenue increased 12.1% to $1.53 billion.
- Net loss narrowed to $89.0 million from $139.6 million year-over-year.
- Basic net loss per share improved to $(0.05) from $(0.08).
- Net cash provided by operating activities surged to $326.8 million.
- Other revenue grew 87.3% to $285.3 million.
- Europe revenue increased 41.3% to $315.4 million.
- Repurchased $350.5 million of Class A common stock.
- Completed business acquisitions for $51.7 million.
Price Impact
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